YOLANDA M ROSICH CLEMENTE 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.
YOLANDA M ROSICH CLEMENTE has worked at POPULAR SECURITIES, LLC since May 21, 1997
Disclosure History
YOLANDA M ROSICH CLEMENTE has 3 Disclosure Event(s).
Date: May 03, 2018 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients' risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $235,000.00 Broker Comment: The Financial Consultant denies these allegations and intends to defend them vigorously.
Date: August 01, 2017 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to invest into and hold PR Bonds resulted in an over-concentrated and risky portfolio, which were unsuitable positions in light of the clients' wishes to preserve their capital. The advice is claimed to be especially egregious because of the allegedly well-known deterioration of the Puerto Rican economy. Damage Amount Requested: $1,000,000.00 Broker Comment: The Financial Consultant denies the allegation and intends to defend against them vigorously.
Date: May 23, 2016 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant failed to make recommendations to Claimant to address its concentrated portfolio; made recommendations to hold UBS Funds, UBS/PS Funds, P.R. bonds, P.R. Municipal Bonds, and to purchase one POPULAR open-end fund resulting in an over-concentrated and high risk portfolio, which was unsuitable in light of the client's stated risk tolerance and investment objective; and failed to share with Claimant negative information about the products in its portfolio. Damage Amount Requested: $277,114.00 Broker Comment: The Financial Consultant denies the allegation and intends to defend against them vigorously. / Claimant withdrew the Statement of Claim as to Popular without prejudice.
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