LUIS GABRIEL GONZALEZ is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO located at 250 MUNOZ RIVERA AVENUE, SAN JUAN, PR, 00918.
LUIS GABRIEL GONZALEZ has worked at UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO since September 04, 2003
Disclosure History
LUIS GABRIEL GONZALEZ has 8 Disclosure Event(s).
Date: July 21, 2016 Category: Customer Dispute Allegations: Claimants allege unsuitable recommendations and misrepresentations in connection with their purchases of Puerto Rico bonds and closed-end municipal bond funds. Time Frame: January 2012 - Present. Damage Amount Requested: $128,000.00 Settlement Amount: $35,000.00
Date: February 12, 2016 Category: Customer Dispute Allegations: Time Frame: January 2012-PresentClaimant alleges unsuitable recommendations and misrepresentations in connection with her purchases of Puerto Rico closed-end municipal bond funds. Damage Amount Requested: $350,000.00 Settlement Amount: $110,000.00
Date: October 14, 2015 Category: Customer Dispute Allegations: Claimants allege unsuitability, overconcentration, misrepresentations, and fraud involving the recommendation of closed-end funds PR bonds. Time Frame: Unspecified. Damage Amount Requested: $160,000.00 Settlement Amount: $45,000.00
Date: November 10, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2013. CLAIMANT ALLEGES THAT FA MADE UNSUITABLE RECOMMENDATION TO HOLD CONCENTRATED POSITION IN CLOSED-END FUNDS WITHOUT DISCLOSING THE MARKET RISKS. Damage Amount Requested: $38,000.00 Settlement Amount: $15,000.00
Date: October 20, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2007-PRESENTCLAIMANT ALLEGES THAT FA RECOMMENDED UNSUITABLE CLSOED-END FUNDS AND FAILED TO DISCLOSE THE RISKS OF THE INVESTMENTS. Damage Amount Requested: $31,400.00 Settlement Amount: $40,000.00
Date: September 23, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2006-2010.CLAIMANTS ALLEGE MISREPRESENTATIONS AND UNSUITABILITY IN CONNECTION WITH THEIR PURCHASES OF CLOSED-END BOND FUNDS, AND COMMON AND PREFERRED STOCK ISSUED BY TWO PUERTO RICO BANKS. Damage Amount Requested: $300,000.00 Settlement Amount: $115,000.00
Date: June 18, 2014 Category: Customer Dispute Allegations: TIME FRAME: 2010-PRESENTCLAIMANT ALLEGES UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS IN CONNECTION WITH HER PURCHASE OF CLOSED-END PUERTO RICO MUNICIPAL BOND FUNDS. Damage Amount Requested: $151,820.00 Settlement Amount: $80,000.00
Date: February 20, 2014 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE SUITABILITY AND MATERIAL MISLEADING INVESTMENT ADVICE INCLUDING MISREPRESENTINGTHAT THESE PRODUCTS WERE "SAFE" AND "SECURE" INVESTMENTS. TIME FRAME: 2011 TO PRESENT. Damage Amount Requested: $250,000.00 Settlement Amount: $35,000.00 Broker Comment: I WAS NOT NAMED AS A RESPONDENT OR DEFENDANT IN THIS MATTER. I STRONGLY DENY ALL THE ALLEGATIONS AS MADE BY THE CLAIMANT. I HAD NUMEROUS MEETINGS WITH THE CLIENT, NOT ONLY IN MY OFFICE BUT ALSO I HAD MANY CONVERSATIONS WITH THEM OVER THE PHONE. I MADE SURE THAT ALL THE INVESTMENT DETAILS AND THE RISKS ASSOCIATED WITH THESE INVESTMENTS WERE DISCUSSED AND ALL QUESTIONS WERE ANSWERED. THE RECOMMENDATION FOR THESE INVESTMENTS WERE EXACTLY WHAT THEY ASKED FOR; TAX EXEMPT RETURNS AND THE HIGHEST YIELD POSSIBLE WITH THE CLIENT APPROVING EVERY TRANSACTION.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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