Broker Investigation: Vicente Castillo

Vicente Castillo (CRD#: 1163483) is actively registered with FINRA as an investment broker. Since 1994, Mr. Castillo has been employed at UBS Financial Services Incorporated of Puerto Rico.

Over the past several years, dozens of investor complaints have been filed against this financial advisor. In fact, from 2014 to 2018, at least 36 different investors have filed FINRA arbitration claims against UBS Financial Services broker Vicente Castillo. The claims are all related to Puerto Rico bond losses.

Puerto Rico Bond Losses: Vicente Castillo

Notably, UBS Financial Services was the largest seller of Puerto Rico bonds. Here, our Puerto Rico bond default lawyers provide an overview of some of the investor complaints that have been filed against UBS broker Vicente Castillo in 2018:

• Unsuitable concentration of assets in Puerto Rico Closed-end funds: Investor is seeking $200,000
• Unsuitable investments in Puerto Rico bond funds: Investor is seeking $250,000
• Over-concentration of assets in Puerto Rico government bonds: Investor is seeking $194,000
• Negligent and unsuitable guidance to hold Puerto Rico government bonds well after their value began to decline: Investor is seeking $255,000
• Material misrepresentations in connection with Puerto Rico’s government bonds: Investor is seeking $778,890.12
• Unsuitable, over-concentrated investments in Puerto Rico bonds: Investor is seeking $120,000

Get Help Puerto Rico Bond Losses Lawyer

At Sonn Law Group, our securities fraud attorneys have extensive experience handling investor losses claims related to closed-end Puerto Rican bonds. If you or a loved one sustained major losses in Puerto Rican bonds, please contact us today for a free consultation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.