Lose money after investing in a GPB Capital Holdings Fund? take action
We can help recover your investment loss. Free consultations, always. CONTACT US

Morgan Stanley Financial Advisor, Alberto Castaner, Has Seven Customer Complaints, Including Five Pending Complaints Regarding The Sale Of Puerto Rico Bonds

The Wolper Law Firm is currently investigating claims against Alberto Castaner, a former Advisor at Morgan Stanley in Ft. Lauderdale, FL. Alberto Castaner has been in the securities industry since the 1980s and previously worked at Popular Securities in San Juan.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), since 2011, Alberto Castaner has been the subject of seven customer complaints for alleged sales practice violations. Of the seven complaints, five remain pending. The five pending complaints allege millions in damages arising out of the alleged unlawful recommendation purchase and hold Puerto Rico municipal bonds.

Puerto Rico’s economic struggles are well documented. The government debt is more than $70 billion, principally comprised of principal and income payments owed to bond holders in Puerto Rico. Between 2015 and 2016, virtually all of the eighteen (18) issuers defaulted, leaving bondholders holding the bag.

Local brokerage firms, including Alberto Castaner’s prior firm, Popular Securities, exacerbated what was already a significant economic problem by recommending to its customers that they purchase Puerto Rico municipal bonds notwithstanding the inevitable collapse of the Puerto Rico economy and financial markets. Credit ratings agencies, like S&P, Moddy’s & Fitch, all rated Puerto Rico debt one notch above “junk” and had the credit on negative watch. In many instances, customers had 100% of their accounts and a substantial percentage of their overall net worth invested in Puerto Rico municipal bonds. This is a violation of the basic principles of investing, particularly considering the negative outlook held by analysts.

The Wolper Law Firm has extensive experience handling Puerto Rico bond cases. Matt Wolper has handled hundreds of these cases since the collapse in 2013. If you or someone you know was a customer of Alberto Castaner and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

or call 800.931.8452
Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: 800.931.8452

Additional Office Locations (by appointment only)

3355 Lenox Road
Suite 7
Atlanta, GA 30326


13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016


3102 Maple Ave.
Suite 400
Dallas, TX 75201


5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220


7900 E. Union Ave.
Suite 1100
Denver, CO 80237


1700 Park Street
Suite 103
Naperville, IL 60563


1001 Fourth Ave.
Seattle, WA 98154