{"id":4790,"date":"2017-10-02T12:36:12","date_gmt":"2017-10-02T17:36:12","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4606"},"modified":"2022-04-01T12:47:56","modified_gmt":"2022-04-01T17:47:56","slug":"puerto-rico-bond-fraud-cases-name-former-morgan-stanley-broker-angel-aquino-velez","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/puerto-rico-bond-fraud-cases-name-former-morgan-stanley-broker-angel-aquino-velez\/","title":{"rendered":"Puerto Rico Bond Fraud Cases Name Former Morgan Stanley Broker Angel Aquino-Velez"},"content":{"rendered":"

According to InvestmentNews<\/em>, there are six pending FINRA arbitration claims against Morgan Stanley (MS) and its former broker Angel Aquino-Velez (Aquino-Velez) concerning his selling Puerto Rico investments. The claimants are alleging misrepresentation and unsuitability regarding the sale of Puerto Rico closed-end funds and bonds they purchased through Aquino-Velez, who is based in Miami, and the brokerage firm.<\/p>\n

InvestmentNews <\/em>also reports that according to FINRA\u2019s BrokerCheck database, Morgan Stanley has already resolved four FINRA arbitration claims valued at $2.4 million related to Aquino-Velez and Puerto Rico municipal bond investments. Aquino-Velez, who left Morgan Stanley a few months ago, was recently selling Puerto Rico COFINA bonds, which are securities backed by the U.S. territory\u2019s sales tax revenue. Prior to working at Morgan Stanley, Aquino-Velez was with UBS Financial Services (UBS) and Merrill Lynch (BAC).<\/p>\n

Puerto Rico Bond Fraud Losses<\/strong>
\nAt Shepherd Smith Edwards and Kantas, LTD LLP, our Puerto Rico bond fraud lawyers have been working hard these past four years to help investors who sustained serious losses when the island\u2019s municipal bonds began to fall in value in 2013. For many of our clients, their portfolios should not have been so heavily concentrated in Puerto Rico bond funds and bonds, if at all, except that they were given bad investment advice. Many investors lost everything.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to InvestmentNews, there are six pending FINRA arbitration claims against Morgan Stanley (MS) and its former broker Angel Aquino-Velez (Aquino-Velez) concerning his selling Puerto Rico investments. The claimants are alleging misrepresentation and unsuitability regarding the sale of Puerto Rico closed-end funds and bonds they purchased through Aquino-Velez, who is based in Miami, and the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798,3752,3787,3922,4039],"tags":[],"class_list":["post-4790","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-financial-firms","category-morgan-stanley","category-municipal-bonds","category-puerto-rico-bond-funds"],"yoast_head":"\nPuerto Rico Bond Fraud Cases Name Former Morgan Stanley Broker Angel Aquino-Velez — Investor Lawyers Blog — October 2, 2017<\/title>\n<meta name=\"description\" content=\"According to InvestmentNews, there are six pending FINRA arbitration claims against Morgan Stanley (MS) and its former 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