| Read Time: 2 minutes |

DID MANUEL ESCOBAR CAUSE YOU INVESTMENT LOSSES?

Manuel Escobar of NPA Asset Management, LLC, Nationwide Planning Associates, And Formerly With Oriental Financial Services Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Manuel Escobar of NPA Asset Management, LLC?

Manuel Escobar (CRD #1014769) who is currently registered with NPA Asset Management, LLC, Nationwide Planning Associates and located in Hato Rey, Puerto Rico is a subject of one of our many securities industry sales practice abuse investigations. Prior to NPA Asset Management, LLC, Nationwide Planning Associates, Manuel Escobar was associated with Oriental Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Manuel Escobar Customer Complaints

Manuel Escobar has been the subject of 4 customer complaints that we know about, and one of those complaints was filed in the last year to recover investment losses. One of Manuel Escobar’s 4 customer complaints was settled in favor of investors. One of Manuel Escobar’s customers complaints was denied and the customers did not take any further action. There are currently two pending customer complaints filed against Oriental Financial Services for investment losses caused by Manuel Escobar’s alleged misconduct.

Allegations Against Manuel Escobar

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

  • Customer alleges that financial advisor caused investment losses due to poor investment counseling.
  • Client alleged Manual Escobar recommended and inappropriate and concentrated investment strategy, committed fraud and breach of fiduciary duty, and negligence.
  • Claimant alleged unsuitable investment recommendations and misleading advice concerning Puerto Rico bonds.

Manuel Escobar Red Flags & Your Rights As An Investor

Of course, Manuel Escobar 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 Manuel Escobar at NPA Asset Management, LLC, Nationwide Planning Associates and Oriental Financial Services on alert to review carefully the activity and performance of their accounts and question whether Manuel Escobar has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at NPA Asset Management, LLC, Nationwide Planning Associates and Oriental Financial Services 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 NPA Asset Management, LLC Due To Manuel Escobar

If you have questions about NPA Asset Management, LLC, Nationwide Planning Associates, Oriental Financial Services, and/or Manuel Escobar 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 has been a trial attorney for more than 40 years and is the founding partner of The Law Offices of Robert Wayne Pearce. You can learn more about Robert and his accomplishments by clicking here.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...