ENRIQUE JUAN TORRUELLA is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 250 MUNOZ RIVERA AVENUE, 7TH, 9TH & 10TH FLOOR, SAN JUAN, PR, 00918.
ENRIQUE JUAN TORRUELLA has worked at UBS FINANCIAL SERVICES INC. since September 12, 1994
Disclosure History
ENRIQUE JUAN TORRUELLA has 10 Disclosure Event(s).
Date: February 05, 2018 Category: Customer Dispute Allegations: Time frame: UnspecifiedClaimant alleges his investments in Puerto Rico closed-end funds and Puerto Rico bonds were unsuitable, over-concentrated, and misrepresented as safe investments. Damage Amount Requested: $500,000.00
Date: March 17, 2017 Category: Customer Dispute Allegations: Time frame: October 2002 - January 2014. Claimant alleges that their investments in Puerto Rico municipal bond closed-end funds were concentrated and misrepresented. Damage Amount Requested: $80,000.00
Date: September 22, 2016 Category: Customer Dispute Allegations: Time frame: June 2015 - September 2015Claimaint alleges a mutual fund sale was performed incorrectly (i) giving him the Adjusted Closing Price rather than the Net Asset Value; (ii) using the wrong date for valuation of the mutual fund; and (iii) there was a delay on the sale causing him to receive a lesser value. Damage Amount Requested: $4,348.57 Settlement Amount: $2,700.00 16-02725
Date: July 26, 2016 Category: Customer Dispute Allegations: Time frame: November 2007 to PresentClaimant alleges that her investments were overconcentrated in Puerto Rico bonds and closed-end funds, that these investments were unauthorized, unsuitable, and misrepresented. Settlement Amount: $275,000.00
Date: November 05, 2015 Category: Customer Dispute Allegations: Claimants allege unsuitability, overconcentration and misrepresentation involving the recommendation of Puerto Rico closed-end funds. Time frame: Unspecified. Damage Amount Requested: $980,000.00 Settlement Amount: $210,000.00
Date: August 19, 2014 Category: Customer Dispute Allegations: TIME FRAME: UNSPECIFIEDCLAIMANTS ALLEGE THAT FAS RECOMMENDED UNSUITABLE CLOSED-END FUNDS AND FAILED TO DISCLOSE THE RISKS. Damage Amount Requested: $288,686.00
Date: March 27, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2005-PRESENT. CLAIMANT ALLEGES THAT FA RECOMMENDED "RECKLESS AND UNSUITABLE CONCENTRATION" IN "HIGH RISK" CLOSED-END FUNDS. Damage Amount Requested: $409,715.25 Settlement Amount: $120,000.00
Date: January 30, 2014 Category: Customer Dispute Allegations: TIME FRAME: 1999 TO PRESENTCLAIMANT ALLEGES SUITABILITY AND MATERIAL MISLEADING INVESTMENT ADVICE INCLUDING MISREPRESENTING THAT THESE PRODUCTS WERE "SAFE" AND "SECURE" INVESTMENTS. Damage Amount Requested: $700,000.00 Settlement Amount: $60,000.00
Date: October 08, 2008 Category: Customer Dispute Allegations: TIME FRAME: NOVEMBER 2004 TO PRESENTCLIENT'S COUNSEL ALLEGES THAT THE FA VIOLATED HIS DUTY BY CONCENTRATING THE ASSETS IMPROPERLY AND INVESTING A SUBSTANTIAL SUM OF THE CLIENT'S MONEY IN SPECULATIVE INVESTMENTS. Damage Amount Requested: $55,000.00 Settlement Amount: $53,574.19
Date: June 11, 2002 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT SHE WAS MISINFORMED ABOUT THE TYPE OF ACCOUNT SHE COULD OPEN (IRA / KEOUGH PLAN) AND THAT SHE WAS NOT INFORMED OF CHARGES THAT WOULD BE MADE ON THE ACCOUNT (SUCH AS CANCELLATION CHARGES). Damage Amount Requested: $94,635.00 Settlement Amount: $4,500.00 Broker Comment: PLEASE ARCHIVE-ARBITRATION SETTLED FOR LESS THAN $10,000.
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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