DID IBRAHIM ARCE CAUSE YOU INVESTMENT LOSSES?
Ibrahim Arce Formerly with UBS Financial Services Has 17 Customer Complaints for Alleged Broker Misconduct
Who is Ibrahim Arce formerly with UBS Financial Services?
Ibrahim Arce (CRD #1341280) who was formerly registered with UBS Financial Services, UBS Financial Services Incorporated of Puerto Rico and located in San Juan, Puerto Rico is a subject of one of our many securities industry sales practices abuse investigations.
Ibrahim Arce Customer Complaints
Ibrahim Arce has been the subject of 17 customer complaints that we know about. Twelve of Ibrahim Arce’s 17 customer complaints were settled in favor of investors.
There are currently three pending customer complaints filed against Santander Securities and UBS Financial Services for investment losses caused by Ibrahim Arce’s alleged misconduct. Two of Ibrahim Arce’s customer’s complaints were denied and the customers did not take any further action.
Allegations Against Ibrahim Arce
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Multiple claimants’ alleged that their investments in Puerto Rico denominated closed-end funds, government bonds, and municipal bonds were unsuitable, over-concentrated, and misrepresented as safe investments.
- Multiple clients’ alleged breach of fiduciary duty, negligence, negligent supervision, fraud, and breach of contract related to the offer and sale of Puerto Rico closed-end funds.
Ibrahim Arce Red Flags & Your Rights as an Investor
Of course, Ibrahim Arce 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 that should put all current and former customers of Ibrahim Arce at UBS Financial Services, UBS Financial Services Incorporated of Puerto Rico on alert to review carefully the activity and performance of their accounts and question whether Ibrahim Arce has engaged in any stockbroker misconduct that may have caused them investment losses.
The large number of customer complaints at UBS Financial Services, UBS Financial Services Incorporated of Puerto Rico 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.
File A Claim to Recover Your Investment Losses at UBS Financial Services Due to Ibrahim Arce
If you have questions about UBS Financial Services, UBS Financial Services Incorporated of Puerto Rico, and/or Ibrahim Arce 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.