RAMON A COBIAN VEGA is currently employed as a Broker and/or Investment Adviser at POPULAR SECURITIES, LLC located at 208 Ponce de Leon Ave, POPULAR CENTER Suite 1200, SAN JUAN, PR, 00918.
RAMON A COBIAN VEGA has worked at POPULAR SECURITIES, LLC since September 29, 1997
Disclosure History
RAMON A COBIAN VEGA has 2 Disclosure Event(s).
Date: March 30, 2015 Category: Customer Dispute Allegations: CLIENT ALLEGE THAT FINANCIAL CONSULTANT INVESTMENT RECOMMENDATIONS TO PURCHASE AND TO HOLD P.R. CLOSE-END FUNDS AND P.R. BONDS RESULTED IN AN OVER CONCENTRATED AND HIGH RISK PORTFOLIO, WHICH WERE UNSUITABLE IN LIGHT OF THE CLIENT'S RISK TOLERANCE. CLAIMANTS ALSO ALLEGE THAT FINANCIAL CONSULTANT MADE MISLEADING REPRESENTATIONS REGARDING THE PRODUCTS RISKS AND LIQUIDITY AND FAILED TO REDUCE CLAIMANT'S RISK AND EXPOSURE . CLAIMANT ALSO STATES THAT THE FINANCIAL CONSULTANT RECOMMENDED TO HAVE THE CLAIMANT BORROW AGAINST THE SECURITIES USING MARGIN LOAN AND FAILED TO DISCLOSED THE RISKS ATTENDANT TO THE USE OF LEVERAGE. Damage Amount Requested: $3,000,000.00 Broker Comment: The Financial Consultant denies the allegations and intends to defend them vigorously.
Date: November 18, 2004 Category: Customer Dispute Allegations: CUSTOMER ALLEGED UNAUTHORIZED TRANSACTIONS; NEVERTHELESS, AFTER THE INVESTIGATION, IT WAS CONCLUDED THAT CUSTOMER AUTHORIZED ALL TRANSACTIONS. POPULAR SECURITIES HAS WRITTEN AUTHORIZATION FROM THE CUSTOMER. Damage Amount Requested: $332,922.72
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