DID GUILLERMO JAVIER MACHUCA CAUSE YOU INVESTMENT LOSSES?
Guillermo Machuca Of First Southern, LLC And Formerly With UBS Financial Services Inc. Has 20 Customer Complaints For Alleged Broker Misconduct
Guillermo Machuca Customer Complaints
Guillermo Machuca has been the subject of 20 customer complaints that we know about seeking to recover investment losses. Sixteen of the customer complaints were settled by UBS Financial Services in favor of the investors. Three customer complaints were denied by the advisor’s current and former employer and the investors have not taken any further action. There is currently one FINRA arbitration proceeding still pending against UBS Financial Services or Guillermo Machuca’s alleged misconduct.
Allegations Against Guillermo Machuca
The allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses were generally related to the offer and sale of Puerto Rico municipal bonds in Puerto Rico closed-end bond funds. The investors almost uniformly alleged that the investments were misrepresented and unsuitably overconcentrated in the client’s accounts.