DID MARGARITA FIGUEROA CAUSE YOU INVESTMENT LOSSES?
Margarita Figueroa Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 3 Customer Complaints For Alleged Broker Misconduct
About Margarita Figueroa Of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Margarita Figueroa (CRD #1560872) is a seasoned financial advisor currently employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Guaynabo, Puerto Rico, since July 2011. Throughout her career, which began in 1986, she has been registered with several notable firms including Morgan Stanley and Wells Fargo Advisors. Figueroa has passed three general industry/product exams—Series 7, Series 31, and the Securities Industry Essentials Exam—and two multi-state securities law exams, Series 63 and Series 66. She is registered with 7 Self-Regulatory Organizations and licensed in 14 U.S. states and territories.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Margarita Figueroa Customer Complaints and Reviews
- Dispute 1 (Settled 2022): A customer alleged unsuitable investment recommendations and misrepresentations related to government debt securities, resulting in a settlement of $95,000 from an initial claim of $2,000,000.
- Dispute 2 (Settled 2021): Involving allegations of unsuitable investment recommendations and omissions of material facts, settled for $50,000 from a claim of $425,000.
- Dispute 3 (Settled 2019): Allegations included unsuitable investment recommendations, unauthorized trading, and misrepresentation concerning municipal debt and closed-end funds, settled for $45,000 from a claim of $490,742.25.
Allegations Against Margarita Figueroa
- 2020 Allegation: Accused of making unsuitable investment recommendations and misrepresenting products, leading to a high-stakes arbitration that settled for substantially less than the claimed amount.
- 2018 Allegation: Faced claims for recommending investments without fully disclosing relevant material facts, resulting in a significant financial settlement.
- 2015 Allegation: Involved in a case where she was accused of unauthorized trading and misrepresentation of investment products, which also concluded in a settlement.
Margarita Figueroa Red Flags & Your Rights As An Investor
Of course, Margarita Figueroa 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 Margarita Figueroa at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Margarita Figueroa has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Margarita Figueroa
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Margarita Figueroa 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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