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Hector Colon Rivera Of Oriental Financial Services LLC Has 13 Customer Complaints For Alleged Broker Misconduct

Who is Hector Colon Rivera of Oriental Financial Services LLC?

Hector Colon Rivera (CRD #4826616) who is currently registered with Oriental Financial Services LLC and located in San Juan, Puerto Rico, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Oriental Financial Services LLC, Hector Colon Rivera was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Hector Colon Rivera Customer Complaints

Hector Colon Rivera has been the subject of 13 customer complaints that we know about to recover investment losses. Twelve of the customer complaints were settled by Oriental financial services in favor of investors. One customer complaint remains pending.

Allegations Against Hector Colon Rivera

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

  • Unsuitable, inappropriate, and concentrated investment strategy in Puerto Rico open-end bond funds.
  • Fraud, breach of fiduciary duty, and negligence related to Puerto Rico bond investments.
  • Misrepresentations and omissions related to Puerto Rico closed-end bond funds.
  • Breach of contract, breach of fiduciary duty, negligence, and fraud related to municipal debt investments.
  • Negligent misrepresentations related to Puerto Rico closed-end bond funds.
  • Misleading investment advice related to the Popular Income Plus Fund.

Hector Colon Rivera Red Flags & Your Rights As An Investor

Of course, Hector Colon Rivera 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 Hector Colon Rivera at Oriental Financial Services LLC on alert to review carefully the activity and performance of their accounts and question whether Hector Colon Rivera has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Oriental Financial Services LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Oriental Financial Services LLC Due To Hector Colon Rivera

If you have questions about Oriental Financial Services LLC and/or Hector Colon Rivera 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.

Author Photo

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 $160 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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