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Aegis Capital Broker, Pedro Rodriguez, Has Two Pending Customer Complaints Alleging Unsuitable Investment Recommendations

The Wolper Law Firm is currently investigating claims against Pedro Rodriguez, a Financial Advisor at Aegis Capital in Miami, Florida.  Pedro Rodriguez has been in the securities industry since 2007 and previously worked Oriental Financial Services.    

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Pedro Rodriguez has two pending customer complaints, in which customers alleged sales practice violations. 

  • October 2018—”PERIOD 2/5/2014 SALE OF PR OPEN END FUND. UNSUITABLE RECOMMENDATIONS, MISREPRESENTATION.”  The alleged damages are $463,000 and the matter remains pending.
  • March 2018—”ALLEGES UNSUITABLE, FAILURE TO DIVERSIFY, BREACH FID DUTY, BREACH OF CONTRACT, NEGLIGENCE.”  Alleged damages are $50,000 and the matter remains pending.  

For a full copy of Pedro Rodriguez’s CRD, click https://brokercheck.finra.org/individual/summary/5419364#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.   

The Wolper Law Firm is interested in speaking with clients of Pedro Rodriguez as part of its investigation.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. 

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]