- August 13, 2018
- Merrill Lynch
The Wolper Law Firm is currently investigating claims against Hector Gonzalez, a Financial Advisor at Merrill Lynch, who works in Both San Juan, Puerto Rico and Miami, Florida. Hector Gonzalez has been in the securities industry since 2007 and previously worked at UBS Financial Services.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on May 21, 2018, a customer filed a complaint against Hector Gonzalez, alleging “unsuitable investment recommendations, misrepresentation and omission of material facts…” The alleged damages are $10 million.
Just months ago, in December 2017, another customer filed a complaint against Hector Gonzalez, alleging “suitability, misrepresentation and omission of material facts…” The alleged damages in this second dispute are $6 million.
In all, Hector Gonzalez has $16 million worth of pending customer complaints for alleged improper investment recommendations. Both of these matters remain pending.
To review the entire disclosure history for Hector Gonzalez, click https://brokercheck.finra.org/individual/summary/5330726.
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.
If you or someone you know was a customer of Hector Gonzalez and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
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.