FERNANDO LUIS CASTILLO RIVERA is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 250 MUNOZ RIVERA AVENUE, SAN JUAN, PR, 00918.
FERNANDO LUIS CASTILLO RIVERA has worked at UBS FINANCIAL SERVICES INC. since February 07, 1991
Disclosure History
FERNANDO LUIS CASTILLO RIVERA has 15 Disclosure Event(s).
Date: September 29, 2016 Category: Customer Dispute Allegations: Time frame: January 2012 through PresentClaimants allege unsuitable recommendations and misrepresentations in connection with their purchases of Puerto Rico closed-end funds. Settlement Amount: $700,000.00
Date: June 28, 2016 Category: Customer Dispute Allegations: The client's attorney makes allegations of misrepresentations, unsuitability and mismanagement. Time Frame: 2000 - 2009. Damage Amount Requested: $87,579.00
Date: May 06, 2016 Category: Customer Dispute Allegations: Time Frame: January 2012 - PresentClaimants allege unsuitable recommendations and misrepresentations in connection with their purchases of Puerto Rico municipal bonds and Puerto Rico closed-end municipal bond funds. Damage Amount Requested: $370,000.00 Settlement Amount: $120,000.00
Date: November 25, 2015 Category: Customer Dispute Allegations: Time Frame: June 2012 through Present Claimant alleges unsuitable recommendations, over-concentration and misrepresentations in connection with his purchase of closed-end funds and Puerto Rico bonds. Damage Amount Requested: $1,500,000.00 Settlement Amount: $300,000.00
Date: June 04, 2015 Category: Customer Dispute Allegations: TIME FRAME: DECEMBER 2012 THROUGH PRESENT.CLAIMANTS ALLEGE UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH THEIRPURCHASES OF PUERTO RICO CLOSED-END MUNICIPAL BOND FUNDS. Settlement Amount: $80,000.00
Date: May 26, 2015 Category: Customer Dispute Allegations: THE CLAIMANTS COUNCIL ALLEGES MISREPRESENTATIONS AND UNSUITABILITY OF INVESTMENTS MADE IN THEIR ACCOUNT. TIMEFRAME: NOT STATED. Damage Amount Requested: $2,393,987.97 Settlement Amount: $400,000.00
Date: April 27, 2015 Category: Customer Dispute Allegations: TIME FRAME: JULY 31, 2013 THROUGH JANUARY 31, 2015 CLAIMANTS ALLEGE UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH THEIR PURCHASES OF CLOSED-END MUNICIPAL BOND FUNDS. Damage Amount Requested: $299,858.83 Settlement Amount: $115,000.00
Date: November 12, 2014 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE UNSUITABILITY, OVER CONCENTRATION AND MISREPRESNETATIONS WITH RESPECT TO THEIR INVESTMENTS IN CLOSED-END BOND FUNDS. TIME FRAME: 1998-PRESENT. Damage Amount Requested: $652,000.00 Settlement Amount: $225,000.00
Date: October 24, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2014CLAIMANTS ALLEGE UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH THEIR PURCHASES OF MUNICIPAL BONDS AND CLOSED-END MUNICIPAL BOND FUNDS.
Date: October 22, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2008 - PRESENT CLAIMANTS ALLEGE UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH THEIR PURCHASES OF CLOSED-END MUNICIPAL BOND FUNDS. Damage Amount Requested: $312,000.00 Settlement Amount: $140,000.00
Date: October 03, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2008-PRESENTCLAIMANTS ALLEGE UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH THEIR PURCHASES OF CLOSED-END PUERTO RICO MUNICIPAL BOND FUNDS. Damage Amount Requested: $12,000,000.00 Settlement Amount: $600,000.00
Date: August 13, 2014 Category: Customer Dispute Allegations: TIME FRAME: 1995-PRESENTCLAIMANTS ALLEGE UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH THEIR PURCHASE OF CLOSED-END PUERTO RICO MUNICIPAL BOND FUNDS. Damage Amount Requested: $500,000.00 Settlement Amount: $155,000.00
Date: June 09, 2014 Category: Customer Dispute Allegations: CLAIMANT ALLEGES UNSUITABLE RECOMMENDATIONS CONCERNING CLOSED END FUNDS INVESTED IN PUERTO RICO DEBT AND AN UNSUITABLE INVESTMENT STRATEGY INVOLVING LEVERAGE THAT RESULTED IN LOSSES. TIME FRAME: JANAUARY 2012-DECEMBER 2013. Damage Amount Requested: $500,000.00 Settlement Amount: $87,500.00
Date: April 28, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2007-2013CLAIMANTS ALLEGE THAT THEIR INVESTMENTS IN PUERTO RICAN FIXED-INCOME SECURITIES WERE UNSUITABLE, OVER CONCENTRATED AND MISREPRESENTED. Damage Amount Requested: $500,000.00 Settlement Amount: $75,000.00 Broker Comment: I DENY ALL CLIENT ALLEGATIONS.
Date: April 07, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2012-2013CLAIMANTS ALLEGE THAT THE REGISTERED REPRESENTATIVE RECOMMENDED UNSUITABLE INVESTMENTS IN CLOSED END FUNDS, MADE MISREPRESENTATIONS AND OMITTED FACTS WITH RESPECT TO THOSE INVESTMENTS AND RECOMMENDED AN UNSUITABLE LOAN. Damage Amount Requested: $1,630,000.00 Settlement Amount: $255,000.00 Broker Comment: I DENY THE ALLEGATIONS.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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