LUIS ALEJANDRO CASARESMADURO is currently employed as a Broker and/or Investment Adviser at NATIONWIDE PLANNING ASSOCIATES INC. located at Montehiedra Office Centre, 9615 Los Romero Ave, Ste 511, San Juan, PR, 00926.
LUIS ALEJANDRO CASARESMADURO has worked at NATIONWIDE PLANNING ASSOCIATES INC. since February 28, 2018
Disclosure History
LUIS ALEJANDRO CASARESMADURO has 2 Disclosure Event(s).
Date: October 11, 2013 Category: Customer Dispute Allegations: CUSTOMER ALLEGES SHE GAVE FINANCIAL CONSULTANT INSTRUCTIONS ONLY TO INVEST IN PRINCIPAL PROTECTED INVESTMENTS. SHE CLAIMS RESTITUTION OF $115,000. Damage Amount Requested: $115,000.00 Broker Comment: AT THE MOMENT OF THE CLAIM THE CLIENT HAD RECEIVED DURING THE 3 YEARS THAT THE ACCOUNT WAS MAINTAINED $18,000 IN DIVIDENDS AND INTERESTS. THE UNREALIZED LOSS AS OF 11-7-2013 IS $29,129.81. THESE ACCOUNTS WERE ESTABLISHED AS MODERATE RISK. THIS ACCOUNTS WERE INVESTED IN FIXED INCOME SECURITIES. THE CLIENT WAS VERY HAPPY WITH THE ACCOUNTS PERFORMANCE AND REVIEWS WERE CONDUCTED ALMOST EVERY 2 QUARTERS. THE CLIENT HAD EXPERIENCE IN FIXED INCOME SECURITIES SINCE SHE HELD AN ACCOUNT WITH ANOTHER BROKER AT SMITH BARNEY IN 2004. THE LAST INVESTMENT PLAN ESTABLISHED HER INVESTMENT TIME HORIZON UP TO 2018.
Date: November 07, 2007 Category: Customer Dispute Allegations: BENEFICIARY ALLEGED INVESTMENTS WERE NOT CONSISTENT WITH REQUESTED RISK TOLERANCE, INSTRUCTIONS TO LIQUIDATE WERE NOT FOLLOWED & GROSS NEGLIGENT MGT OF ACCT [ACCOUNT NUMBER] Damage Amount Requested: $35,000.00 Broker Comment: AFTER FURTHER REVIEW IT WAS DETERMINED THAT CASARES WAS NOT INVOLVED IN THE ACCOUNT ACTIVITY THAT WAS THE SUBJECT OF THE COMPLAINT.[THIRD PARTY] FROM CITI EMAILED THE SITUATION AND IN JULY 2008 THE U-5 WAS AMENDED BY THEIR STAFF.
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