Jose Manuel Candelario Padilla (CRD#4847560) and NATIONWIDE PLANNING ASSOCIATES INC.

The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Jose Manuel Candelario Padilla (CRD#4847560) regarding allegations made regarding the following:

Claim(s) Made Against Jose Manuel Candelario Padilla:

Claim Date: 2/2/2024

“Client allege misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the Claimants, failure to supervise, negligence and gross negligence, violation of the FINRA rules, violation of the federal securities laws, violation of the Investment Advisers Act of 1940 and violation of the Puerto Rico Uniform Securities Act and Civil Code.”

This claim, as of this posting, is currently Pending with a claim amount of $1,700,000.00 .

Claim Date: 9/22/2023

“CLIENTS ALLEGE BREACH OF CONTRACT, CONTRACTUAL NEGLIGENCE, FRAUD AND CONSTRUCTIVE FRAUD, FAILURE TO SUPERVISE AND CONTROL, VIOLATION OF SECTION 10B OF THE EXCHANGE ACT AND RULE 10N-5 AND VIOALTION OF FINRA RULES”

This claim, as of this posting, is currently Pending with a claim amount of $1,900,000.00 .

Claim Date: 10/20/2023

“CLIENTS ALLEGE VIOLATION OF FINRA RULE 2090, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, CONTRACTUAL NEGLIGENCE, FRAUD AND CONSTRUCTIVE FRAUD, FAILURE TO SUPERVISE AND CONTROL”

This claim, as of this posting, is currently Pending with a claim amount of $1,500,000.00 .

Claim Date: 10/23/2023

“CLIENT ALLEGES BREACH OF FIFUCIARY DUTY, BREACH OF CONTRACT, CONTRACTUAL NEGLIGENCE, FRAUD AND CONSTRUCTIVE FRAUD, FAILURE TO SUPERVISE AND CONTROL, VIOLATION OF SECTION 10(B) OF THE EXCHANGE ACT”

This claim, as of this posting, is currently Pending with a claim amount of $500,000.00 .

Claim Date: 9/8/2023

“CLAIMANTS ALLEGE BREACH OF FIDUCIARY DUTY, UNSUITABLE INVESTMENT RECOMMENDATIONS, VIOLATION OF FINRA RULE 3110, NEGLIGENCE AND NEGLIGENT SUPERVISION.”

This claim, as of this posting, is currently Pending with a claim amount of $100,001.00 .

Claim Date: 9/12/2023

“Clients allege misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the Claimants, failure to supervise, negligence and gross negligence, violation of the FINRA rules, violation of the federal securities laws, violation of the Investment Advisers Act of 1940 and violation of the Puerto Rico Uniform Securities Act and Civil Code.”

This claim, as of this posting, is currently Pending with a claim amount of $1,300,000.00 .

Claim Date: 9/20/2023

“Clients allege misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the Claimants, failure to supervise, negligence and gross negligence, violation of the FINRA rules, violation of the federal securities laws, violation of the Investment Advisers Act of 1940 and violation of the Puerto Rico Uniform Securities Act and Civil Code.”

This claim, as of this posting, is currently Pending with a claim amount of $3,000,000.00 .

Claim Date: 7/5/2023

“Client alleges misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the claimants, failure to supervise, fraud, constructive fraud, negligence, and gross negligence.”

This claim, as of this posting, is currently Pending with a claim amount of $500,000.00 .

Claim Date: 7/10/2023

“Client alleges misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the claimants, failure to supervise, fraud, constructive fraud, negligence, and gross negligence. Alleged activities took place between 2019 and end of 2022.”

This claim, as of this posting, is currently Pending with a claim amount of $1,000,000.00 .

Claim Date: 7/21/2023

“Client alleges misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the claimants, failure to supervise, fraud, constructive fraud, negligence, and gross negligence.”

This claim, as of this posting, is currently Pending with a claim amount of $1,000,000.00 .

Claim Date: 7/25/2023

“Client alleges misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to act in the “best interest“ of the claimants, failure to supervise, fraud, constructive fraud, negligence, and gross negligence.”

This claim, as of this posting, is currently Pending with a claim amount of $700,000.00 .

Claim Date: 8/4/2014

“DAMAGES SUFFERED AS A RESULT OF UNSUITABLE AND MATERIALLY MISLEADING INVESTMENT ADVISE GIVEN TO CUSTOMER CONCERNING UNSUITABLE INVESTMENTS AND OVERCONCENTRATION IN PR BONDS AND BONDS FUNDS AND MISLEADING ADVISE AND RISK DISCLOSURE.”

This claim is currently Settled with a claim amount of $100,000.00 .

The investor was paid $25,000.00 by the brokers’ firm.

Claim Date: 12/21/2022

“CLIENT ALLEGES MISMANAGEMENT OF ACCOUNT AND UNAUTHORIZED TRADING.”

This claim is currently Pending with a claim amount of $182,000.00 .

Claim Date: 1/31/2023

“CLIENT ALLEGES MISREPRESENTATIONS AND OMISSIONS, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, UNSUITABLE INVESTMENT RECOMMENDATIONS, FAILURE TO ACT IN THE “BEST INTEREST“, FAILURE TO SUPERVISE, FRAUD, CONSTRUCTIVE FRAUD, NEGLIGENCE.”

This claim is currently Pending with a claim amount of $500,000.00 .

Claim Date: 2/7/2023

“Client alleges that representative made unsuitable investments in the account.”

This claim is currently Pending with a claim amount of $750,000.00 .

Claim Date: 12/10/2018

“PERIOD 2011-2013. Alleges Misrepresentations and omissions, breach of fid duty, breach of contract, unsuitable investment recommendations, fraud, negligence”

This claim is currently Settled with a claim amount of $280,000.00 .

The investor was paid $170,000.00 by the brokers’ firm.

Claim Date: 1/24/2020

“PERIOD NOV 2012. ALLEGATIONS INAPPROPIATE AND CONCENTRATED INVESTMENT STRATEGY”

This claim is currently Settled with a claim amount of $85,000.00 .

The investor was paid $30,000.00 by the brokers’ firm.

As of 8/14/2023, this claim status is Pending.

See more information on FINRA’s BrokerCheck site for Jose Manuel Candelario Padilla.

Were you a customer of Jose Manuel Candelario Padilla?

The Securities Lawyers are researching bringing claims on behalf of individual(s) and/or a group of investors for recovery of their funds. Most customers will have signed a FINRA arbitration agreement to resolve disputes, including claims for reimbursement of these types of investment losses. As the SEC reminds investors, it can be important to find an attorney that “specializes in resolving securities complaints.” If you were a customer of Jose Manuel Candelario Padilla and NATIONWIDE PLANNING ASSOCIATES INC. and suffered investment losses, please contact the Securities Lawyers. We only get paid if we recover your money. Your claim may be subject to a time limit or statute of limitations, so contact an attorney right away.

If you are a former client of Jose Manuel Candelario Padilla and NATIONWIDE PLANNING ASSOCIATES INC. from Guayama, PR, and have encountered any issues or problems, the Securities Lawyers at Halling & Cayo, S.C. want to speak with you about the possibility of pursuing a claim. Brokerage firms have a duty to oversee all of their registered representatives, including Jose Manuel Candelario Padilla, and ensure that they follow all securities regulations, rules, and internal policies. If a brokerage firm fails in this duty, it may be held accountable for investment losses sustained by customers due to a lack of supervision.


Contact The Securities Lawyers

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Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.