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Alfonso Boneta Of Merrill Lynch, Pierce, Fenner & Smith Incorporated And Formerly With UBS Financial Services Inc. Has 7 Customer Complaints For Alleged Broker Misconduct

Who is Alfonso Boneta of Merrill Lynch, Pierce, Fenner & Smith Incorporated?

Alfonso Boneta

Alfonso Boneta (CRD #4728302) who is currently registered as a broker and investment adviser with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Guaynabo, Puerto Rico, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Alfonso Boneta was associated with UBS Financial Services Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Alfonso Boneta Customer Complaints

Alfonso Boneta has been the subject of 7 customer complaints that we know about to recover investment losses. Four of the customer complaints were settled by UBS Financial Services in favor the investors. The other 3 customer complaints filed against Alfonso Boneta’s current and former employers were denied and, to date, the investors have not taken any further action.

Allegations Against Alex Mathis

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations involving common and preferred stocks.
  • Recommendation to invest in and hold Puerto Rico closed-end funds and Puerto Rico municipal bonds was unsuitable.
  • Overconcentration in Puerto Rico investments in client’s accounts. Puerto Rico investments were misrepresented.

Alfonso Boneta Red Flags & Your Rights As An Investor

Of course, Alfonso Boneta did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Alfonso Boneta at Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Alfonso Boneta has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Financial Services Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Alfonso Boneta

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Financial Services Inc. and/or Alfonso Boneta and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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