DID MIGUEL A HERNANDEZ CAUSE YOU INVESTMENT LOSSES?
Miguel Hernandez Of UBS Financial Services Inc. Has 37 Customer Complaints For Alleged Broker Misconduct
About Miguel Hernandez of UBS Financial Services Inc.?
Miguel Hernandez (CRD #815453) boasts an extensive history in the financial sector, currently registered with UBS Financial Services Inc. in San Juan, Puerto Rico, since 2008. He has previously been affiliated with several other notable firms including Merrill Lynch and Santander Securities, which illustrates his long-standing presence in the industry. Hernandez has passed three principal/supervisory exams and five general industry/product exams, indicating a robust knowledge base and qualifications in securities management. He is also registered in six U.S. states and territories and with ten Self-Regulatory Organizations (SROs).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Miguel Hernandez Customer Complaints and Reviews
Hernandez has a significant number of disclosures, primarily customer disputes:
- Total Customer Disputes: 37 reported, with several notable settlements.
- Settlement 1: In a 2020 dispute, Hernandez was part of a claim involving unsuitable investment recommendations with a settlement of $405,000.
- Settlement 2: In 2018, a claim related to unsuitable and misrepresented investments in Puerto Rico securities resulted in a $680,000 settlement.
- Settlement 3: Another claim in 2020 concerning Puerto Rico bonds led to a $30,000 settlement.
Allegations Against Miguel Hernandez
The allegations against Miguel A. Hernandez primarily involve:
- Unsuitable Investment Recommendations: Several clients have claimed that Hernandez recommended investment strategies that were unsuitable based on their risk profiles, particularly with a focus on Puerto Rican securities.
- Misrepresentations: Claims often include allegations that Hernandez misrepresented the risks associated with certain investments, again notably those tied to Puerto Rico.
- Over-concentration: Some disputes also cite over-concentration in Puerto Rican securities, suggesting a lack of diversification in client portfolios.
Miguel Hernandez Red Flags & Your Rights As An Investor
Of course, Miguel Hernandez 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 Hernandez at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Miguel Hernandez has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services 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 UBS Financial Services Inc. Due To Miguel Hernandez
If you have questions about UBS Financial Services Inc. and/or Miguel Hernandez 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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