Articles Tagged with Puerto Rico

Stoltmann Law Offices is investigating David Garcia Cirilo, a Morgan Stanley adviser in Coral Gables, Florida. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Cirilo allegedly misrepresented material facts, recommended an unsuitable investment, breached fiduciary duty, made unauthorized transactions, failed to supervise his representatives and over-concentrated a customer account, among other things. These are all against securities rules and regulations. Cirilo was registered with UBS Financial Services in San Juan, Puerto Rico from December 1993 until September 2006 and Santander Securities in San Juan from September 2006 until April 2014. He is currently registered with Morgan Stanley in Coral Gables, Florida and has been since April 2014. He has six customer disputes against him, five of which are currently pending.

If you or someone you know invested money with David Garcia Cirilo, please call our securities law firm at 312-332-4200 to speak to an attorney about bringing a claim against Morgan Stanley. They may be able to be sued in the FINRA arbitration forum for losses because they have a duty to reasonably supervise David Garcia Cirilo. The call is free with no obligation. We take cases on a contingency fee basis only so we only make money if you recover it.

Stoltmann Law Offices is investigating Lee Dana Weiss, a registered investment adviser and owner of Family Endowment Partners LP. Weiss is accused of encouraging investors to invest more than $40 million in illiquid securities issued by several related companies without disclosing the fact that he had an ownership interest in the parent company of those entities. He also received payments from the entities. According to a complaint by the Securities and Exchange Commission (SEC), between 2010 and 2012, Weiss advised 11 Family Endowment Partners clients to invest more than $40 million in a French company that designed methods to reduce the harmful effects of tobacco smoking. Weiss received more than $600,000 in payments for himself.

Weiss was registered with Merill Lynch in New York, New York from October 1992 until November 2003, Fidelity Brokerage Services in Boston, Massachusetts from January 2004 until September 2007, FEP Investments in Boston from January 2009 until March 2009, and Stillpoint Capital in Tampa, Florida from March 2011 until August 2015. He is currently registered with MIP Global, Inc. in San Juan, Puerto Rico and has been since January 2014. He has 7 customer disputes against him, four of which are currently pending. If you invested money with Lee Dana Weiss, please call our securities law firm at 312-332-4200 for a free consultation with an attorney. There is no obligation. We take cases on a contingency fee basis only.

Did you suffer investment losses in MainStay High Yield Municipal Bond A (MMHAX)? Stoltmann Law Offices is investigating fraud claims involving improper recommendations of MainStay High Yield Municipal Bond A. In many cases, the broker-dealers who sold this investment marketed it as safe and secure, when, in reality, the funds have close ties to Puerto Rico, and the funds were overexposed because of the Puerto Rico default on debt. According to reports, the MainStay High Yield Municipal Bond A has approximately 12.9% of its investable assets invested in Puerto Rico debt. If you invested money in MainStay High Yield Municipal Bond A, please call our securities law office at 312-332-4200 for a free consultation with an attorney. We may be able to help you recover your investment losses.

Did you lose money with Oppenheimer Rochester CA Municipal A? If so, Stoltmann Law Offices may be able to help you recover your investment losses. We are investigating broker-dealers’ alleged improper recommendations of Oppenheimer Rochester CA. The Oppenheimer Rochester Municipal A and other funds have high involvement in Puerto Rico, especially in the way the broker-dealers marketed the investments as safe and secure, when, in reality, they were not, as a result of Puerto Rico default on debt. Certain financial advisors failed to adequately disclose the risks of the fund to their clients, with the Oppenheimer Rochester CA Municipal A having approximately 11.4% of its assets invested in Puerto Rico debt.

If you invested money with Oppenheimer Rochester CA Municipal A, please call our securities law office based in Chicago at 312-332-4200 to speak to an attorney. The call is free. We sue firms in the Financial Industry Regulatory Authority (FINRA) arbitration forum to recover financial losses for retail investors.

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