beatriz luna vida - finra · beatriz luna vida crd# 3129454 currently employed by and registered...

BrokerCheck Report

BEATRIZ LUNA VIDA

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 3129454

1

2 - 5

6

7

Page(s)

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BEATRIZ LUNA VIDA

CRD# 3129454

Currently employed by and registered with thefollowing Firm(s):

MORGAN STANLEY1775 I STREET NWSUITE 200WASHINGTON, DC 20006CRD# 149777Registered with this firm since: 05/05/2014

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Customer Dispute 11

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at


This broker is registered with:

4 Self-Regulatory Organizations

53 U.S. states and territories

This broker has passed:

3 Principal/Supervisory Exams

4 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

SANTANDER SECURITIES LLCCRD# 41791MAYAGUEZ, PR09/1999 - 04/2014

SANTANDER INVESTMENT SECURITIES INC.CRD# 37216NEW YORK, NY07/1999 - 09/1999

www.finra.org/brokercheck User Guidance

1©2020 FINRA. All rights reserved. Report about BEATRIZ LUNA VIDA.


https://adviserinfo.sec.gov/individual/summary/3129454

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.

This individual is currently registered with 4 SROs and is licensed in 53 U.S. states and territories through hisor her employer.

Employment 1 of 1Firm Name:

Main Office Address:

Firm CRD#:

MORGAN STANLEY

149777

2000 WESTCHESTER AVENUEPURCHASE, NY 10577-2530

SRO Category Status Date

FINRA General Securities Principal APPROVED 05/05/2014

FINRA General Securities Representative APPROVED 05/05/2014

FINRA General Securities Sales Supervisor APPROVED 12/05/2017

NYSE American LLC General Securities Principal APPROVED 05/05/2014

NYSE American LLC General Securities Representative APPROVED 05/05/2014

NYSE American LLC General Securities Sales Supervisor APPROVED 10/01/2018

Nasdaq Stock Market General Securities Principal APPROVED 05/05/2014

Nasdaq Stock Market General Securities Representative APPROVED 05/05/2014

Nasdaq Stock Market General Securities Sales Supervisor APPROVED 12/05/2017

New York Stock Exchange General Securities Principal APPROVED 05/05/2014

New York Stock Exchange General Securities Representative APPROVED 05/05/2014

New York Stock Exchange General Securities Sales Supervisor APPROVED 10/01/2018

U.S. State/Territory

Category Status Date

Alabama Agent APPROVED 05/05/2014

Alaska Agent APPROVED 05/05/2014

Arizona Agent APPROVED 05/05/2014



Arkansas Agent APPROVED 05/05/2014

California Agent APPROVED 05/05/2014

Colorado Agent APPROVED 05/05/2014





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Employment 1 of 1, continuedU.S. State/Territory


Connecticut Agent APPROVED 05/05/2014

Delaware Agent APPROVED 05/05/2014

District ofColumbia

Agent APPROVED 05/05/2014

Florida Agent APPROVED 05/05/2014

Georgia Agent APPROVED 05/05/2014

Hawaii Agent APPROVED 05/05/2014

Idaho Agent APPROVED 05/05/2014

Illinois Agent APPROVED 05/05/2014

Indiana Agent APPROVED 05/05/2014

Iowa Agent APPROVED 05/05/2014

Kansas Agent APPROVED 05/05/2014

Kentucky Agent APPROVED 05/05/2014

Louisiana Agent APPROVED 05/05/2014

Maine Agent APPROVED 05/05/2014

Maryland Agent APPROVED 05/05/2014

Massachusetts Agent APPROVED 05/05/2014

Michigan Agent APPROVED 05/05/2014

Minnesota Agent APPROVED 05/05/2014

Mississippi Agent APPROVED 05/05/2014

Missouri Agent APPROVED 05/05/2014

Montana Agent APPROVED 05/05/2014

Nebraska Agent APPROVED 05/05/2014

Nevada Agent APPROVED 05/05/2014

New Hampshire Agent APPROVED 05/05/2014



New Jersey Agent APPROVED 05/05/2014

New Mexico Agent APPROVED 05/05/2014

New York Agent APPROVED 05/05/2014

North Carolina Agent APPROVED 05/05/2014

North Dakota Agent APPROVED 05/05/2014

Ohio Agent APPROVED 05/05/2014

Oklahoma Agent APPROVED 05/05/2014

Oregon Agent APPROVED 05/05/2014

Pennsylvania Agent APPROVED 05/05/2014

Puerto Rico Agent APPROVED 05/05/2014

Rhode Island Agent APPROVED 05/05/2014

South Carolina Agent APPROVED 05/05/2014

South Dakota Agent APPROVED 05/05/2014

Tennessee Agent APPROVED 05/05/2014

Texas Agent APPROVED 05/05/2014

Utah Agent APPROVED 05/05/2014

Vermont Agent APPROVED 05/05/2014

Virgin Islands Agent APPROVED 05/05/2014

Virginia Agent APPROVED 05/05/2014

Washington Agent APPROVED 05/05/2014

West Virginia Agent APPROVED 05/05/2014

Wisconsin Agent APPROVED 05/05/2014

Wyoming Agent APPROVED 05/05/2014







Employment 1 of 1, continued

Branch Office Locations

MORGAN STANLEY1775 I STREET NWSUITE 200WASHINGTON, DC 20006







Industry Exams this Broker has Passed

This individual has passed 3 principal/supervisory exams, 4 general industry/product exams, and 2 statesecurities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Sales Supervisor - General Module Examination 12/05/2017Series 10

General Securities Sales Supervisor - Options Module Examination 09/29/2016Series 9

General Securities Principal Examination 10/23/2000Series 24

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 10/01/2018SIE

Research Analyst Exam - Part II Regulations Module 04/04/2005Series 87

Research Analyst Exam - Part I Analysis Module 04/01/2005Series 86

General Securities Representative Examination 06/30/1999Series 7

Exam Category Date

State Securities Law Exams

Uniform Combined State Law Examination 09/29/2007Series 66

Uniform Securities Agent State Law Examination 07/13/1999Series 63

Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/


Registration and Employment History

Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

09/1999 - 04/2014 SANTANDER SECURITIES LLC 41791 MAYAGUEZ, PR

07/1999 - 09/1999 SANTANDER INVESTMENT SECURITIES INC. 37216 NEW YORK, NY

Employment History

Employment Dates Employer Name Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.

Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.

04/2014 - Present MORGAN STANLEY Washington, DC

06/2012 - 03/2014 SANTANDER SECURITIES GUAYNABO, PR

03/2006 - 05/2012 SANTANDER SECURITIES GUAYNABO, PR

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.

No information reported.






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customercomplaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings, and criminal or civiljudicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular

criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules

or conduct governing the industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,

brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versionswill be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently

being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or

(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.

§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Pleasenote that brokers and brokerage firms may choose to settle customer disputes or regulatorymatters for business or other reasons.

§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoingon the part of the individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these events can be found in the subsequent pages of this report. You also maywish to contact the broker to obtain further information regarding these events.

Final On AppealPending

Customer Dispute 8 3 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed,resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., tomaintain customer relationships or to limit the litigation costs associated with disputing the allegations) with noadmission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.

Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civilsuit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to thecustomer.

Disclosure 1 of 3

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

Santander Securities LLC

Client alleges over-concentration, negligence, negligence in violation of industrystandards, breach of suitability duty, breach of duty to engage in fair dealings,churning, breach of fiduciary duty, breach of contract, failure to supervise,violations of securities laws and rules (Puerto Rico municipal bonds and closed-end funds). Includes request for interest, costs and rescission.

Product Type: Debt-MunicipalOther: Closed-end funds

Alleged Damages: $100,000.00

Is this an oral complaint? No

Is this a written complaint? No

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

FINRA - San Juan, PR

Docket/Case #: 18-03037

Filing date ofarbitration/CFTC reparationor civil litigation:

08/27/2018






Date Complaint Received: 08/28/2018

Complaint Pending? No

Status:

Status Date: 10/15/2019

Settlement Amount: $32,500.00

Individual ContributionAmount:

$0.00

Firm Statement Beatriz Luna is not a named respondent to this arbitration. The claims are believedto stem from the unprecedented turmoil experienced in the Puerto Rico economy.As of 10/15/2019, the Firm settled this matter for $32,500. The representative wasnot asked to contribute to this settlement.

Customer Complaint Information

Settled


08/27/2018

iReporting Source: Broker


Allegations:


Client alleges over-concentration, negligence, negligence in violation of industrystandards, breach of suitability duty, breach of duty to engage in fair dealings,churning, breach of fiduciary duty, breach of contract, failure to supervise,violations of securities laws and rules (Puerto Rico municipal bonds and closed-end funds). Includes request for interest, costs and rescission.






Yes










Status:




$0.00

Broker Statement Beatriz Luna is not a named respondent to this arbitration. The claims are believedto stem from the unprecedented turmoil experienced in the Puerto Rico economy.As of 10/15/2019, the Firm settled this matter for $32,500. The representative wasnot asked to contribute to this settlement.


Settled



08/27/2018

Disclosure 2 of 3

i



Allegations:

Santander Securities, LLC

Client alleges over-concentration, unsuitability, breach of fiduciary duty, violationsof securities laws and rules, breach of contract, negligence, fraud, falseinducement to inaction, failure to supervise, breach of duty of good faith and fairdealing (Puerto Rico bonds). Includes request for punitive damages, interest,costs, fees, disgorgement, rescission and restitution.

Product Type: Debt-Municipal

Alleged Damages: $1,600,000.00




Yes

FINRA - San Juan, PR11©2020 FINRA. All rights reserved. Report about BEATRIZ LUNA VIDA.







Status:




$0.00

Firm Statement Beatriz Luna is not a named respondent to this arbitration. The claims arebelieved to stem from the unprecedented turmoil experienced in the Puerto Ricoeconomy. As of 3/27/2020, the Firm settled this matter for $270,000. Therepresentative was not asked to contribute to this settlement.


Settled





07/09/2018



Allegations:


Client alleges over-concentration, unsuitability, breach of fiduciary duty, violationsof securities laws and rules, breach of contract, negligence, fraud, falseinducement to inaction, failure to supervise, breach of duty of good faith and fairdealing (Puerto Rico bonds). Includes request for punitive damages, interest,costs, fees, disgorgement, rescission and restitution.













Status:




$0.00

Broker Statement Beatriz Luna is not a named respondent to this arbitration. The claims are believedto stem from the unprecedented turmoil experienced in the Puerto Rico economy.As of 3/27/2020, the Firm settled this matter for $270,000. The representative wasnot asked to contribute to this settlement.


Settled


Yes





07/09/2018

Disclosure 3 of 3

i



Allegations:


Client alleges, among other things, overconcentration, unsuitability, breach offiduciary duty, breach of contract, contractual negligence, fraud, constructive fraud,failure to supervise, and violations of securities laws and rules (Puerto Ricobonds). Includes request for interest, costs and fees.




No13©2020 FINRA. All rights reserved. Report about BEATRIZ LUNA VIDA.







Status:




$0.00

Firm Statement Beatriz Luna is not a named respondent to this arbitration. The claims arebelieved to stem from the unprecedented turmoil experienced in the Puerto Ricoeconomy. As of 4/13/20, the Firm settled this matter for $25,000. Therepresentative was not asked to contribute to this settlement.


Settled



Yes





02/20/2018



Allegations:


Client alleges, among other things, overconcentration, unsuitability, breach offiduciary duty, breach of contract, contractual negligence, fraud, constructive fraud,failure to supervise, and violations of securities laws and rules (Puerto Ricobonds). Includes request for interest, costs and fees.




No 14©2020 FINRA. All rights reserved. Report about BEATRIZ LUNA VIDA.







Status:




$0.00

Broker Statement Beatriz Luna is not a named respondent to this arbitration. The claims are believedto stem from the unprecedented turmoil experienced in the Puerto Ricoeconomy.As of 4/13/20, Santander Securities, LLC settled this matter for $25,000.The representative was not asked to contribute to this settlement.


Settled



Yes





02/20/2018






Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit thatcontains allegations of sales practice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that the broker engaged in, sales practice violations resulting incompensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities.

Disclosure 1 of 8



Allegations:


Client alleges over-concentration, scalping, violations of securities laws and rules,negligent misrepresentation and omission, breach of fiduciary duty, negligence,unsuitability, failure to supervise and breach of contract. (Puerto Rico bonds andclosed end-funds). Includes request for punitive damages, interest, costs andfees.




Complaint Pending? Yes

Settlement Amount:


Firm Statement Beatriz Luna is not a named respondent to this arbitration. The claims are believedto stem from the unprecedented turmoil experienced in the Puerto Rico economy.





Yes





10/03/2019









Allegations:


Client alleges over-concentration, scalping, violations of securities laws and rules,negligent misrepresentation and omission, breach of fiduciary duty, negligence,unsuitability, failure to supervise and breach of contract. (Puerto Rico bonds andclosed end-funds). Includes request for punitive damages, interest, costs and fees.





Settlement Amount:


Broker Statement Beatriz Luna is not a named respondent to this arbitration. The claims are believedto stem from the unprecedented turmoil experienced in the Puerto Rico economy.





Yes





10/03/2019

Disclosure 2 of 8

i






Disclosure 2 of 8



Allegations:


Client alleges unsuitability, over-concentration, breach of fiduciary duty,negligence, negligent supervision, failure to supervise, fraud, breach of contract,and violations of securities laws and rules (Puerto Rico bonds, open-end funds andclosed-end funds). Includes request for rescission, punitive damages, interest,costs and fees.

Product Type: Debt-MunicipalMutual FundOther: Closed-end funds

Alleged Damages: $0.00



Settlement Amount:




Alleged Damages AmountExplanation (if amount notexact):

Claim for $100,000 to $500,000




Yes





08/23/2019









Allegations:


Client alleges unsuitability, over-concentration, breach of fiduciary duty,negligence, negligent supervision, failure to supervise, fraud, breach of contract,and violations of securities laws and rules (Puerto Rico bonds, open-end funds andclosed-end funds). Includes request for rescission, punitive damages, interest,costs and fees.

Product Type: Debt-MunicipalMutual FundOther: Closed-end-funds




Settlement Amount:




Claim for $100,000 to $500,000




Yes





08/23/2019







Disclosure 3 of 8

i



Allegations:


Client alleges unsuitability, over-concentration, violations of securities laws andrules, fraud, breach of fiduciary duty, breach of good faith and fair dealings,negligence, failure to supervise, breach of contract, and gross and wantonnegligence (Puerto Rico bonds and open end funds). Includes request forpunitive damages, interest, costs, fees, disgorgement of commission/fees andrescission.

Product Type: Debt-MunicipalMutual Fund




Settlement Amount:



Claim in excess of $100K.




Yes





08/14/2019






Settlement Amount:





Allegations:


Client alleges unsuitability, over-concentration, violations of securities laws andrules, fraud, breach of fiduciary duty, breach of good faith and fair dealings,negligence, failure to supervise, breach of contract, and gross and wantonnegligence (Puerto Rico bonds and open end funds). Includes request for punitivedamages, interest, costs, fees, disgorgement of commission/fees and rescission.

Product Type: Debt-MunicipalMutual Fund




Settlement Amount:



Claim in excess of $100K.




Yes





08/14/2019






Settlement Amount:



Disclosure 4 of 8

i



Allegations:


Client alleges unsuitability, over-concentration, fraud, breach of fiduciary duty,violations of the securities laws and regulations, breach of contract, negligence,negligent misrepresentation and omission, control person liability and failure tosupervise, (Puerto Rico bonds and bond funds). Includes request for rescission,disgorgement of commission/fees, interest, costs, fees, and punitive damages.

Product Type: Debt-MunicipalOther: Closed end funds




Settlement Amount:






Yes





03/06/2019










Allegations:


Client alleges unsuitability, over-concentration, fraud, breach of fiduciary duty,violations of the securities laws and regulations, breach of contract, negligence,negligent misrepresentation and omission, control person liability and failure tosupervise, (Puerto Rico bonds and bond funds). Includes request for rescission,disgorgement of commission/fees, interest, costs, fees, and punitive damages.

Product Type: Other: cLOSED END FUNDS




Settlement Amount:







Yes





03/06/2019







Disclosure 5 of 8

i



Allegations:


Client alleges unsuitability, over-concentration, violations of securities laws andrules, fraud, breach of fiduciary duty, breach of good faith and fair dealings,negligence, failure to supervise, breach of contract, and gross and wantonnegligence (Puerto Rico bonds, open-end funds and closed-end funds). Includesrequest for punitive damages, interest, costs, fees, disgorgement ofcommission/fees and rescission.





Settlement Amount:







Yes





08/31/2018









Allegations:


Client alleges unsuitability, over-concentration, violations of securities laws andrules, fraud, breach of fiduciary duty, breach of good faith and fair dealings,negligence, failure to supervise, breach of contract, and gross and wantonnegligence (Puerto Rico bonds, open-end funds and closed-end funds). Includesrequest for punitive damages, interest, costs, fees, disgorgement ofcommission/fees and rescission.





Settlement Amount:







Yes





08/31/2018






Disclosure 6 of 8

i



Allegations:


Client's allege over-concentration, unsuitability, breach of fiduciary duty, breach ofcontract, contractual negligence, negligence, fraud, constructive fraud,failure tosupervise and control and violations of securities laws and rules (Puerto Ricobonds & bond funds). Includes request for damages, interest, costs and fees.





Settlement Amount:







Yes





07/18/2018








Allegations:


Client's allege over-concentration, unsuitability, breach of fiduciary duty, breach ofcontract, contractual negligence, negligence, fraud, constructive fraud, failure tosupervise and control and violations of securities laws and rules (Puerto Ricobonds & bond funds). Includes request for damages, interest, costs and fees.

Product Type: Other: Closed-end funds




Settlement Amount:







Yes





07/18/2018

Disclosure 7 of 8

i



Allegations:

SANTANDER SECURITIES LLC






Allegations: Client's allege unsuitability, over-concentration, violations of securities laws andrules, fraud, breach of fiduciary duty, breach of good faith and fair dealings,negligence, failure to supervise, breach of contract, and gross and wantonnegligence (Puerto Rico bonds, closed-end funds and open end funds). Includesrequest for punitive damages, interest, costs, fees, disgorgement ofcommission/fees and rescission.





Settlement Amount:


Firm Statement Beatriz Luna is not a named respondent to this arbitration. The claims arebelieved to stem from the unprecedented turmoil experienced in the Puerto Ricoeconomy.





Yes





05/08/2018



Allegations:

SANTANDER SECURITIES LLC






Allegations: Client's allege unsuitability, over-concentration, violations of securities laws andrules, fraud, breach of fiduciary duty, breach of good faith and fair dealings,negligence, failure to supervise, breach of contract, and gross and wantonnegligence (Puerto Rico bonds, closed-end funds and open end funds). Includesrequest for punitive damages, interest, costs, fees, disgorgement ofcommission/fees and rescission.

Product Type: Debt-MunicipalMutual FundOther: cLOSED-END FUNDS




Settlement Amount:







Yes





05/08/2018

Disclosure 8 of 8

i



Allegations:







Allegations: Client alleges, among other things, overconcentration, breach of fiduciary duty,violation of PR securities laws, negligence, fraud, breach of contract, failure tosupervise, and unsuitability (Puerto Rico bonds and closed-end funds). Includesclaims for punitive damages, interest, costs and rescission.





Settlement Amount:


Firm Statement Beatriz Luna is not a named respondent to this arbitration. The claims arebelieved to stem from the unprecedented turmoil experienced in the Puerto Ricoeconomy.





Yes





07/12/2017



Allegations:


Client alleges, among other things, overconcentration, breach of fiduciary duty,violation of PR securities laws, negligence, fraud, breach of contract, failure tosupervise, and unsuitability (Puerto Rico bonds and closed-end funds). Includesclaims for punitive damages, interest, costs and rescission.






Client alleges, among other things, overconcentration, breach of fiduciary duty,violation of PR securities laws, negligence, fraud, breach of contract, failure tosupervise, and unsuitability (Puerto Rico bonds and closed-end funds). Includesclaims for punitive damages, interest, costs and rescission.

Product Type: Other: Closed-end funds




Settlement Amount:







Yes





07/12/2017






End of Report

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