JORGE LUIS RODRIGUEZ is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 409 DEL PARQUE STREET, 3RD FLOOR, SAN JUAN, PR, 00912.
JORGE LUIS RODRIGUEZ has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since April 18, 2017
Disclosure History
JORGE LUIS RODRIGUEZ has 10 Disclosure Event(s).
Date: March 23, 2018 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients' risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $150,000.00
Date: February 28, 2018 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients' risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $397,000.00
Date: November 21, 2017 Category: Customer Dispute Allegations: Claimants allege that Financial Consultant investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients' risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $212,704.00
Date: October 11, 2017 Category: Customer Dispute Allegations: Claimants allege that Financial Consultant investment recommendations to invest and hold PR bonds resulted in an over concentrated and risky portfolio, which were unsuitable positions in light of the clients' wish to preserve its/his capital. The advice allegedly is especially egregious because of the visibly deteriorating Puerto Rican economy. Damage Amount Requested: $2,200,000.00
Date: October 11, 2017 Category: Customer Dispute Allegations: Claimants allege that Financial Consultant investment recommendations to invest and hold PR bonds resulted in an over concentrated and risky portfolio, which were unsuitable positions in light of the clients' wish to preserve its/his capital. The advice allegedly is especially egregious because of the visibly deteriorating Puerto Rican economy. Damage Amount Requested: $2,600,000.00
Date: July 06, 2017 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. Government Development Bank bonds and P. R. closed-end funds resulted in an over-concentrated and high-risk portfolio,which were unsuitable positions in light of the client's risk tolerance. Claimant also alleges that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition.Claimant alleges Financial Consultant said "investments were guaranteed". Damage Amount Requested: $300,000.00
Date: July 17, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT AFTER THE CUSTOMER SIGNED A MANAGED ACCOUNT CONTRACT, HE BECAME AWARE OF OTHER CHARGES LEVIED ON HIS ACCOUNT. Damage Amount Requested: $17,217.88 Settlement Amount: $16,052.00 Broker Comment: CLIENT APPROVED THE FEE CONTRACT AND SIGN IT. I TOLD HIM THE ANNUAL FEE WAS ONLY 1% AND CHARGE IT ON A QUARTERLY BASIS. NOW THAT I CHANGED TO RAYMOND JAMES, HE CLAIMS HE DIDN'T KNOW.
Date: June 24, 2011 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT LOSSES INCURRED WERE THE RESULT OF OVERCONCENTRATION AND UNSUITABLE RECOMMENDATIONS MADE BY RESPONDENT ON THEIR INVESTMENT PORTFOLIO, AS WELL AS FAILURE TO FULLY EXPLAIN RISKS OF A MARGIN ACCOUNT BY RESPONDENT. Damage Amount Requested: $315,000.00 Settlement Amount: $20,000.00
Date: July 17, 2007 Category: Customer Dispute Allegations: CLIENT CLAIMS THAT SEVERAL SELL TRANSACTIONS GENERATED LOSSES IN HIS ACCOUNT. HE ALLEGES THAT THESE LOSSES COULD HAVE BEEN AVOIDED IF OTHER INVESTMENTS WERE SOLD. HE CLAIMS THAT HE WAS UNAWARE OF THE LOSSES AND HE DEMANDS AN EXPLANATION. THE FINANCIAL CONSULTANT CLAIMS THAT THE CLIENT WAS AWARE AT ALL TIMES OF THE INVESTMENT DECISIONS MADE, THEY ALLEGE THAT THE CLIENT HAD NET GAINS IN HIS ACCOUNT. Damage Amount Requested: $23,829.11 Broker Comment: ON SEPTEMBER 5, 2007 FIRM SENT A WRITTEN RESPONSE TO CLIENT DENYING THE ALLEGATIONS AT COMPLAINT. COMPLAINT HAD BEEN CLOSED BY THE FIRM.
Date: December 29, 2003 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT ACCOUNT WAS IMPROPERLY MANAGED WITHOUT HIS KNOWLEDGE FROM 1996 TO SEPTEMBER 2003. DAMAGES UNSPECIFIED.
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.
To view the full report for JORGE LUIS RODRIGUEZ, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.