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Fernando De La Vega Of Merrill Lynch, Pierce Fenner & Smith Incorporated Has 19 Customer Complaints For Alleged Broker Misconduct

Who is Fernando De La Vega of Merrill Lynch, Pierce Fenner & Smith Incorporated?


2025344 (CRD #2731195) 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, Fernando De La Vega was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Fernando De La Vega Customer Complaints

Fernando De La Vega has been the subject of 19 customer complaints that we know about seeking to recover investment losses. Fifteen of the customer complaints were settled by Merrill Lynch Pierce Fenner and Smith or UBS Financial Services in favor the investors. Three of the customer complaints were denied in the investor took no further action. There is currently one customer complaint that was recently filed and still pending the brokerage firm’s determination.

Allegations Against Fernando De La Vega

The majority of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses relate to the offer and sale of Puerto Rico closed-end bond funds and municipal bonds. The allegations generally were for unsuitable investment recommendations, misrepresentations and omission to state material facts related to the municipal bonds in a closed-end funds.

Fernando De La Vega Red Flags & Your Rights As An Investor

Of course, Fernando De La Vega 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 Fernando De La Vega at Merrill Lynch, Pierce Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Fernando De La Vega 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 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?

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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.

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File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce Fenner & Smith Incorporated Due To Fernando De La Vega

If you have questions about Merrill Lynch, Pierce Fenner & Smith Incorporated and/or Fernando De La Vega 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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