Ricardo Antonio Rodriguez Vazquez is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 15 2ND ST / 15 CALLE 2, GUAYNABO, PR, 00968.
Ricardo Antonio Rodriguez Vazquez has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since December 06, 2016
Disclosure History
Ricardo Antonio Rodriguez Vazquez has 12 Disclosure Event(s).
Date: April 10, 2018 Category: Customer Dispute Allegations: Client's allege over-concentration, unsuitability, breach of fiduciary duty, violations of securities laws and rules, breach of contract, negligence, fraud, false inducement to inaction, failure to supervise, breach of duty of good faith and fair dealing (Puerto Rico closed-end funds). Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. The claims are believed to stem from the unprecedented turmoil experienced in the Puerto Rico economy.
Date: April 05, 2018 Category: Customer Dispute Allegations: Client's allege unsuitability, over-concentration, breach of fiduciary duty, negligence, negligent supervision, failure to supervise, fraud, breach of contract, and violations of securities laws and rules (Puerto Rico bonds). Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. The claims are believed to stem from the unprecedented turmoil experienced in the Puerto Rico economy.
Date: February 02, 2018 Category: Customer Dispute Allegations: Client alleges, among other things, unsuitability, violations of federal and Puerto Rico securities laws (respondeat superior/apparent authority liability, and control person liability), violations of OCIF regulations, and breach of contract (Puerto Rico bonds and bond funds). Includes request for disgorgement of profits, interests, fees, and punitive damages. Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. The claims are believed to stem from the unprecedented turmoil experienced in the Puerto Rico economy.
Date: December 29, 2017 Category: Customer Dispute Allegations: Client alleges, among other things, unsuitability, overconcentration, violations of securities laws and rules, fraud, breach of fiduciary duty, breach of good faith and fair dealings, negligence, failure to supervise, breach of contract, and gross and wanton negligence (Puerto Rico bonds and closed-end funds). Includes request for punitive damages, interest, costs and fees, disgorgement of commission and rescission. Damage Amount Requested: $62,192.64 Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. The claims are believed to stem from the unprecedented turmoil experienced in the Puerto Rico economy.
Date: December 04, 2017 Category: Customer Dispute Allegations: Client alleges, among other things, unsuitability, overconcentration, breach of fiduciary duties, negligence, negligent supervision, failure to supervise, fraud, breach of contract, and violations of securities laws and rules (Puerto Rico bonds and closed-end funds). Includes request for rescission, punitive damages, interest, costs and fees.
Date: August 14, 2017 Category: Customer Dispute Allegations: Client alleges, among other things, overconcentration, unsuitability, breach of fiduciary duty, breach of contract, contractual negligence, fraud, constructive fraud, failure to supervise, and violations of securities laws and rules (Puerto Rico bonds). Includes request for interest, and fees. Damage Amount Requested: $1,400,000.00 Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. The claims are believed to stem from the unprecedented turmoil experienced in the Puerto Rico economy.
Date: July 05, 2017 Category: Customer Dispute Allegations: Client alleges, among other things, overconcentration, unsuitability, breach of fiduciary duty, breach of contract, contractual negligence, fraud, constructive fraud, failure to supervise, and violations of securities laws and rules (Puerto Rico bonds and bond funds). Includes claims for punitive damages, interest, and fees. Damage Amount Requested: $1,500,000.00 Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. The claims are believed to stem from the unprecedented turmoil experienced in the Puerto Rico economy.
Date: May 01, 2017 Category: Customer Dispute Allegations: Client alleges, among other thing, overconcentration, unsuitability, breach of fiduciary duty, breach of contract, contractual negligence, fraud, constructive fraud, failure to supervise, and violations of securities laws and rules (Puerto Rico closed-end funds). Includes claims for punitive damages, interest, and fees. Damage Amount Requested: $100,000.00 Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration.
Date: June 20, 2016 Category: Customer Dispute Allegations: Client alleges fraud, breach of fiduciary duty, breach of contract, negligence, negligent misrepresentation and omission, unsuitability, overconcentration, and failure to supervise (Puerto Rico bonds and closed-end funds). Damage Amount Requested: $500,000.00 Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration.
Date: September 09, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES FRAUD, DECEIT, RECKLESSNESS AND NEGLIGENCE (PUERTO RICO MUNICIPAL BONDS AND CLOSED-END FUNDS). Damage Amount Requested: $24,727.00 Settlement Amount: $16,000.00 Broker Comment: Ricardo Rodriguez was not a named respondent to this arbitration. The firm has settled this case for $16,000. The representative was not asked to contribute to the settlement.
Date: August 19, 2014 Category: Customer Dispute Allegations: CLIENTS ALLEGE BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND GROSS NEGLIGENCE, FRAUD AND CONSTRUCTIVE FRAUD, FAILURE TO SUPERVISE, BREACH OF CONTRACT, UNSUITABILITY (PUERTO RICO MUNICIPAL BONDS; CLOSED-END FUNDS). Damage Amount Requested: $500,000.00 Settlement Amount: $60,000.00 Broker Comment: Ricardo Rodriguez is not a named respondent to this arbitration. As of 8/22/2016, the firm has settled this case for $60,000. The representative was not asked to contribute to the settlement.
Date: February 28, 2003 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THAT BETWEEN 1997 AND 2001 THE FINANCIAL CONSULTANT ENGAGED IN UNSUITABLE TRANSACTIONS AND CHURNED HIS ACCOUNT. THE CUSTOMER ALSO ALLEGES THAT DURING THIS TIME PERIOD THE FINANCIAL CONSULTANT OVER-CONCENTRATED HIS ACCOUNT WITH TECHNOLOGY STOCKS. Damage Amount Requested: $380,000.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES ALL OF THE CUSTOMER'S ALLEGATIONS. THE CUSTOMER IS A SOPHISTICATED, EXPERIENCED INVESTOR WHO AUTHORIZED AND REQUESTED ALL OF THE TRANSACTIONS IN HIS ACCOUNT. FURTHERMORE, THE CUSTOMER FAILED TO FOLLOW THE FINANCIAL CONSULTANT'S ADVISE REGARDING TRANSACTIONS IN THE ACCOUNT.
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.
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