GUILLERMO SANTIAGO is currently employed as a Broker and/or Investment Adviser at NATIONWIDE PLANNING ASSOCIATES INC. located at 31 Calaf St, Hato Rey, PR, 00918.
GUILLERMO SANTIAGO has worked at NATIONWIDE PLANNING ASSOCIATES INC. since July 03, 2017
Disclosure History
GUILLERMO SANTIAGO has 7 Disclosure Event(s).
Date: April 07, 2017 Category: Customer Dispute Allegations: Customer allege unsuitable overconcentration of accounts in speculative, illiquid, closed-end funds and the resulting losses realized from investment advise. Damage Amount Requested: $150,000.00
Date: October 12, 2016 Category: Customer Dispute Allegations: Customer alleges concentrated in Puerto Rican Securities including but not limited to, leveraged Puerto Rican Closed-End Funds. Damage Amount Requested: $15,000,000.00
Date: August 30, 2016 Category: Customer Dispute Allegations: Customer claims concentrated portfolio in Puerto Rico securities including but not limited to leveraged Puerto Rico Closed End Funds. Damage Amount Requested: $385,000.00
Date: January 26, 2016 Category: Customer Dispute Allegations: The Claimant claims lack of diversification, negligence and unsuitability. Damage Amount Requested: $2,233,186.00
Date: May 22, 2015 Category: Customer Dispute Allegations: THE CUSTOMER CLAIMS MISREPRESENTATION AND OMISSIONS, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, UNSUITABLE INVESTMENT RECOMMENDATIONS, FAILURE TO SUPERVISE, FRAUD, CONSTRUCTIVE FRAUD, NEGLIGENCE AND GROSS NEGLIGENCE, VIOLATION OF FINRA RULE (INCLUDING NASD), VIOALTION OF FEDERAL SECURITIES LAWS, AND VIOLATION OF THE PUERTO RICO UNIFORM SECURITIES ACT AND CIVIL CODE. Damage Amount Requested: $300,000.00 Settlement Amount: $60,000.00 Broker Comment: I DENY CLIENT'S ALLEGATIONS. WHEN INVESTMENT WERE MADE A DISCUSSION ABOUT ALL THE RISK, HOLDINGS OF THE FUNDS AND CLIENT'S DESIRE FOR TAX FREE INCOME WAS DISCUSSED DOWN TO THE LAST DETAIL. INVESTMENTS WERE MADE IN ACCORDANCE TO CLIENT'S OBJECTIVES AND RISK TOLERANCE. I INTEND TO DEFEND MYSELF AGAINST CLAIMS AS I HAVE DONE NOTHING WRONG.
Date: March 03, 2014 Category: Customer Dispute Allegations: CUSTOMER CLAIMS THAT ON JANUARY 2013 THEY PURCHASED $650,000 OF UNSUITABLE PUERTO RICO CLOSED END FUNDS. THE [CUSTOMERS] CLAIM THEY ARE CONVERVATIVE INVESTORS AND THE INVESTMENTS WERE CONCENTRATED, ILIQUID, LEVERAGED, AND INCORPORATE A HIGH DEGREE OF RISK. Damage Amount Requested: $500,000.00 Broker Comment: I DENY ALL ALLEGATIONS. CLIENT INVESTMENTS WERE MADE IN ACCORDANCE WITH THE CLIENTS' OBJECTIVES. AT THE TIME OF THE INVESTMENT, THE RECOMMENDATIONS WERE SUITABLE. THE RISK, CREDIT QUALITY AND HOLDINGS WERE DISCUSSED WITH CLIENTS. I WILL DEFEND MYSELF AGAINST ANY ALLEGATIONS SINCE I HAVE DONE NOTHING WRONG.
More Information
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