Rey F Medina Velez (CRD#3118991) and UBS FINANCIAL SERVICES INC.

The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Rey F Medina Velez (CRD#3118991) regarding allegations made regarding the following:

Claim(s) Made Against Rey F Medina Velez:

Claim Date: 4/28/2020

“Time frame: Unspecified Claimant alleges the recommendation to invest in and hold Puerto Rico Closed-End Funds and municipal bonds was unsuitable and that his accounts were over-concentrated in these investments. Claimant also alleges that the risk of investing in and concentration in Puerto Rico investments was misrepresented.”

This claim, as of this posting, is currently Settled with a claim amount of $60,000.00 .

The investor was paid $27,000.00 by the brokers’ firm.

Claim Date: 4/10/2020

“Time frame: unspecified Allegations: Claimant alleges misrepresentations, unsuitability and over concentration concerning her investments in closed-end funds.”

This claim, as of this posting, is currently Settled with a claim amount of $35,000.00 .

The investor was paid $13,500.00 by the brokers’ firm.

Claim Date: 5/30/2018

“Time frame: Unspecified Allegations: Claimant alleges unsuitable recommendation to invest in Puerto Rico Closed-End Funds, overconcentration, false and misleading representations that the Closed-End Funds were safe and low-risk, and recommendations to hold.”

This claim is currently Settled with a claim amount of $120,000.00 .

The investor was paid $45,000.00 by the brokers’ firm.

Claim Date: 1/15/2019

“Time frame: 2005-Unspecified Allegations: According to Claimants‘ counsel, the recommendation to invest the majority of Claimants‘ retirement savings in the Puerto Rico Closed-End Funds and Municipal Bonds was unsuitable. As a result, Claimants‘ accounts were unsuitably over-concentrated in Puerto Rico investments. Claimants also allege that the risks of investing in and concentration in Puerto Rico investments was misrepresented.”

This claim is currently Settled with a claim amount of $370,000.00 .

The investor was paid $100,000.00 by the brokers’ firm.

Claim Date: 1/12/2023

“Time frame: Unspecified Allegations: Claimants allege their investments in Puerto Rico municipal bonds and closed-end funds were unsuitable, over-concentrated, and misrepresented as safe investments.”

This claim is currently Pending with a claim amount of $103,924.59 .

As of 3/5/2024, this claim status is Settled.

See more information on FINRA’s BrokerCheck site for Rey F Medina Velez.

Were you a customer of Rey F Medina Velez?

If you were a client of Rey F Medina Velez and UBS FINANCIAL SERVICES INC. from SAN JUAN, PR and had a negative experience, we are interested in discussing the possibility of pursuing a claim on your behalf. Brokerage firms are responsible for overseeing the actions of their registered representatives and must ensure that their financial advisors comply with all relevant regulations and company policies. The brokerage firm may be held liable for any investment losses suffered by customers due to their failure to properly supervise their agents, such as Rey F Medina Velez. The Securities Lawyers at Halling & Cayo, S.C. have helped investors recover millions of dollars in the past.

We are currently considering bringing claims on behalf of individual investors or groups of investors who have lost funds. Many customers have signed FINRA arbitration agreements that outline the process for resolving disputes, including claims for investment loss recovery. As the SEC advises, it is important to find an attorney who has experience handling securities complaints. If you were a customer of Rey F Medina Velez and UBS FINANCIAL SERVICES INC. and experienced investment losses, please get in touch with the Securities Lawyers. We only receive payment if we can recover your money. Please note that there may be time limits or statutes of limitations that apply to your claim, so it is important to contact an attorney as soon as possible.


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.