DID MIGUEL R CORREA CESTERO CAUSE YOU INVESTMENT LOSSES?
Miguel Correa Cestero Of Popular Securities, LLC Has 13 Customer Complaints For Alleged Broker Misconduct
About Miguel Correa Cestero of Popular Securities, LLC?
Miguel Correa Cestero (CRD #2765420) is a seasoned broker registered with Popular Securities, LLC in San Juan, PR, since July 28, 1997. He has held registrations continuously with this firm, demonstrating a long-term commitment to a single institution. Throughout his career, Correa Cestero has passed two general industry/product exams and one multi-state securities law exam. He is registered with one Self-Regulatory Organization (SRO) and is licensed in seven U.S. states and territories. His professional background reflects a focused engagement in the securities industry, primarily in Puerto Rico, but also extending to several states in the U.S.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Miguel Correa Cestero Customer Complaints and Reviews
Miguel R. Correa Cestero has been involved in several customer disputes:
- Total Disclosures: 13 customer disputes have been reported.
- Settled Disputes: 12 disputes have resulted in settlements. These disputes generally allege that the investment recommendations made by Correa, particularly in Puerto Rican securities and closed-end funds, were unsuitable given the clients’ risk profiles. Settlement amounts have varied, reflecting the specific allegations and circumstances of each case.
- Pending Dispute: 1 dispute is currently pending, where similar allegations of unsuitable investment recommendations have been made.
Allegations Against Miguel Correa Cestero
- Settled Disputes Allegations: The majority of the settled disputes involved claims that Correa recommended investments in Puerto Rican securities that were unsuitable based on the clients’ conservative risk tolerances. The allegations often centered on the claim that these investments were risky and not aligned with the deteriorating financial conditions in Puerto Rico.
- Pending Dispute Allegations: The ongoing dispute similarly alleges that Correa made unsuitable investment recommendations, focusing again on Puerto Rican securities, which purportedly did not match the client’s risk tolerance and investment objectives. This dispute continues to be under review, with the outcomes yet to be determined.
Miguel Correa Cestero Red Flags & Your Rights As An Investor
Of course, Miguel Correa Cestero did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Miguel Correa Cestero at Popular Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Miguel Correa Cestero has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Popular Securities, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Popular Securities, LLC Due To Miguel Correa Cestero
If you have questions about Popular Securities, LLC and/or Miguel Correa Cestero and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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