ORLANDO JAVIER PEREZ 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.
ORLANDO JAVIER PEREZ has worked at UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO since June 08, 2007
Disclosure History
ORLANDO JAVIER PEREZ has 11 Disclosure Event(s).
Date: May 09, 2018 Category: Customer Dispute Allegations: Time frame: 2007-at least 2013 Claimants allege that their accounts were over-concentrated in unsuitable Puerto Rico closed-end funds and government bonds and that the investments were misrepresented to them. Claimants further allege that Respondent unsuitably recommended that they hold their investments. Damage Amount Requested: $225,000.00
Date: October 23, 2017 Category: Customer Dispute Allegations: Time frame: 2011 - 2013 (and potentially to the present)Claimant alleges that her investments in Puerto Rico municipal bonds and closed endbond funds were unsuitable, over-concentrated and misrepresented as safe investments. Damage Amount Requested: $950,000.00
Date: August 17, 2017 Category: Customer Dispute Allegations: Time frame: As early as June 2007 through 2013 (and potentially to the present. Claimant's counsel alleges that the investments (unspecified UBS Puerto Rico closed-end bond funds and Puerto Rico Government Bonds) were misrepresented and suitable investments. Further states that the liquidity risks associated with the closed-end funds were not explained and there was no disclosure regarding the risk associated with a trading strategy concentrated in one geographic location. Damage Amount Requested: $1,700,000.00
Date: June 16, 2017 Category: Customer Dispute Allegations: Time frame: UnspecifiedClaimants allege that UBS and their FA recommended unsuitable concentration in CEFs and PR Bonds and misrepresented the investments as suitable and safe.
Date: December 15, 2016 Category: Customer Dispute Allegations: Time frame: January 2012 through PresentClaimants allege unsuitable recommendations and misrepresentations in connection with their purchases of Puerto Rico closed-end funds Settlement Amount: $280,000.00
Date: December 07, 2016 Category: Customer Dispute Allegations: Time frame: 2011-2016Claimants allege misrepresentations, unsuitability, and over concentration concerning their investments in closed-end funds. Settlement Amount: $110,000.00
Date: October 29, 2015 Category: Customer Dispute Allegations: Claimant alleges overconcentration, unsuitability and misrepresentations involving the recommendations of closed-end funds. Time frame: 2009-2015. Damage Amount Requested: $206,027.86 Settlement Amount: $110,000.00
Date: October 26, 2015 Category: Customer Dispute Allegations: Time frame: unspecifiedClaimants allege misrepresentations, unsuitability, and over concentration concerning their investments in Puerto Rico municipal bonds and closed-end funds. Damage Amount Requested: $60,000.00
Date: September 18, 2015 Category: Customer Dispute Allegations: Claimant alleges overconcentration, unsuitability and misrepresentations involving the recommendationsof closed-end funds. Time frame: unspecified. Damage Amount Requested: $700,000.00 Settlement Amount: $150,000.00
Date: January 09, 2015 Category: Customer Dispute Allegations: TIME FRAME: UNSPECIFED CLAIMANTS ALLEGE MISREPRESENTATIONS AND OMISSIONS AND UNSUITABLE OVERCONCENTRATION INVOLVING THE RECOMMENDATION OF CLOSED-END FUNDS AND PREFERRED STOCK. Settlement Amount: $35,000.00
Date: October 17, 2014 Category: Customer Dispute Allegations: TIME FRAME: UNSPECIFIED CLAIMANT ALLEGES UNSTUITABLE OVERCONCENTRATION INVOLVING CLOSED END FUNDS. Damage Amount Requested: $27,480.00 Settlement Amount: $10,000.00
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.
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