MARINA SONYA TUDELA is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO located at 250 MUNOZ RIVERA AVENUE, 10TH FLOOR, SAN JUAN, PR, 00918.
MARINA SONYA TUDELA has worked at UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO since April 18, 2000
Disclosure History
MARINA SONYA TUDELA has 5 Disclosure Event(s).
Date: February 14, 2018 Category: Customer Dispute Allegations: Time frame: Unspecified.Claimant alleges her investments in Puerto Rico closed-end funds and government bondswere unsuitable, over-concentrated, and misrepresented as safe investments. Damage Amount Requested: $415,000.00 Broker Comment: "The allegations are denied in full and I will defend myself against these charges. The clients maintained a 25 year relationship with me and were completely aware of the characteristics of the investments held in the portfolio. The clients were aware of and approved all transactions and we met and spoke on a regular basis. The investment recommendations were suitable based on the clients' investment objectives and financial position."
Date: July 28, 2016 Category: Customer Dispute Allegations: Claimants allege misrepresentations, unsuitability and over concentration concerning their investments in closed-end funds. Time frame: unspecified. Damage Amount Requested: $500,000.00 Broker Comment: In addition to my stating that this case contained inaccurate information, on 8/25/2016, Plaintiffs' Counsel filed an amended Statement of Claim in which my name was removed as being involved in any of the sales practice allegations. I will seek to have this case officially removed from my record once this case reaches resolution.
Date: July 05, 2016 Category: Customer Dispute Allegations: Claimants allege misrepresentations, unsuitability, and over concentration concerning their investments in closed-end funds and Puerto Rico municipal bonds. Time frame: unspecified. closed-end funds. Damage Amount Requested: $2,038,356.66 Broker Comment: I deny all allegations as stated by Plaintiffs' Counsel. The principal client maintained a 25 plus year relationship with the financial advisors. The client was completely aware of the characteristics of the investments held in the various portfolios. We met regularly, some times more than once a month in person. We carried out a full service wealth management approach, supported by consulting services. The clients were aware and approved all transactions up until the time we serviced the accounts, more or less 2012. The investment recommendations we made during that period, were suitable based on the client's investment objectives, risk, income needs and tax consideration. We always acted in the best interest of the clients. The client decided to terminate our relationship for personal and family reasons beyond our control. We are not responsible for purchases made or lack of rebalancing during the Puerto Rico crisis after the client left.
Date: April 19, 2016 Category: Customer Dispute Allegations: Time frame: unspecified. Claimants allege misrepresentations, unsuitability, and over concentration concerning their investments in closed-end funds and Puerto Rico municipal bonds. Damage Amount Requested: $773,506.47 Broker Comment: I deny all allegations as stated by Plaintiffs' Counsel. This client opened his account around 1996, making his first purchase of the Puerto Rico CEFs with another broker. ( I did not begin my employment with UBS until 2000 so the client had been investing in CEFs before I was even an employee of the Firm). The client continued to purchase Puerto Rican investments in subsequent years through the original broker. I had no control over nor offered any advice or recommendations regarding these additional purchases. I inherited the client relationship in late 2012, in name only, as a junior member of our team was the main contact for this client after the original broker left for retirement. She remained the primary point person on the client's account until she left in January 2016, as which time, I took over the actual handling of the account. Even though I have reached out to him after I agreed to handle the account for the Firm, the client had no desire to discuss his portfolio and now has filed this arbitration. I want to be very clear - I absolutely never made any recommendations nor advised the client to buy any CEFs or Puerto Rican investments. I furthermore never advised this client to hold on to his investments as I was not the primary contact for this client until January 2016. I have been incorrectly included in this statement of claim. The allegations made against me are false and factually inaccurate and I will seek all remedies afforded to clear my name.
Date: December 18, 2015 Category: Customer Dispute Allegations: Claimants allege misrepresentations, unsuitability, and over concentration concerning their investments in Puerto Rico municipal bonds and closed-end funds. Time frame: 2014-2015. Damage Amount Requested: $2,037,894.03 Broker Comment: This client and their accounts were inherited after the purchase of the CEFs has already taken place. All claims and allegations relate to the prior financial advisor and not from any recommendations made by myself. I deny all the allegations as they are factually inaccurate. Furthermore, Plaintiffs Counsel sent an email dated January 22, 2016 to FINRA, advising that they had made a mistake and that I was not involved in the alleged activity and was filing an amended Statement of Claim removing me from the case.
More Information
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