DID JANETE MAGALLI RIVERA-MICHEL CAUSE YOU INVESTMENT LOSSES?
About Janete Rivera-Michel of PFS Investments Inc.?
Janete Rivera-Michel (CRD #5754050) is currently employed with PFS Investments Inc. in Dallas, Texas, where she has been registered since February 15, 2011. Rivera-Michel is licensed in Texas and holds registrations with one self-regulatory organization (FINRA). Rivera-Michel’s prior employment includes a position with PFS Investments Inc. in Huntingdon Valley, Pennsylvania, from April 2010 to December 2010. Additionally, she is engaged in sales with Primerica Financial Services and serves as a partner at Elite Corporate Services in Dallas, Texas. She passed one principal/supervisory exam, two general industry/product exams, and one multi-state securities law exam, including the Series 26 Investment Company Products/Variable Contracts Principal Exam.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Janete Rivera-Michel Customer Complaints and Reviews
Janete Rivera-Michel has one pending customer dispute disclosure.
- Date Received: August 23, 2024
- Complaint: The claimant alleges that an investment recommendation made in 2015 was unsuitable due to its underperformance compared to the market. The claimant is seeking damages for what they describe as poorly managed portfolio performance.
- Damages: $1,900,000
- Status: Pending in FINRA Arbitration, docket no. 24-01462, in Dallas, Texas, filed on July 2, 2024.
Allegations Against Janete Rivera-Michel
- The pending customer dispute involves claims of unsuitability concerning annuity investment. Specific details include:
- Nature of Allegations: The claimant asserts that a variable annuity recommended in 2015 was not suitable and did not meet expectations for market performance. The client is seeking a substantial amount in damages, citing ineffective portfolio management.
- Financial Impact: The claimant seeks $1,900,000, alleging financial loss due to the annuity’s underperformance relative to market standards.
Janete Rivera-Michel Red Flags & Your Rights As An Investor
Of course, Janete Rivera-Michel 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 Janete Rivera-Michel at PFS Investments Inc. on alert to review carefully the activity and performance of their accounts and question whether Janete Rivera-Michel has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at PFS Investments Inc. also raises questions about the brokerage firm’s 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 PFS Investments Inc. Due To Janete Rivera-Michel
If you have questions about PFS Investments Inc. and/or Janete Rivera-Michel 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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