Luis Gonzalez: Puerto Rico Bond Complaints Against UBS Rep

Luis Gonzalez

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 1, 2018 indicate that Puerto Rico-based UBS Financial Services broker Luis Gonzalez has received numerous resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Gonzalez (CRD# 2778967).

Luis Gonzalez has spent 22 years in the securities industry and has been registered with UBS Financial Services in San Juan, Puerto Rico since 2003. Previous registrations include Oriental Financial Services Corporation in San Juan, Puerto Rico (1999-2003) and PFS Investments in Duluth, Georgia (1996-1998). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on March 25, 2008; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on July 14, 1999; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on August 3, 1996. He is a registered broker wth four US states and territories: Florida, New York, Puerto Rico, and the Virgin Islands.

According to his BrokerCheck report, he has received eight customer complaints and one pending customer complaint.

In July 2018 a customer alleged Luis Gonzalez, while employed at UBS Financial Services, misrepresented and recommended unsuitable, over-concentrated investments in closed-end bond funds and Puerto Rico bonds. The customer is seeking $125,000 in damages in the pending complaint.

In 2016 a customer alleged Luis Gonzalez, while employed at UBS Financial Services, misrepresented and recommended unsuitable Puerto Rico closed-end municipal bond funds. The complaint settled in 2017 for $110,000.

In 2016 a customer alleged Luis Gonzalez, while employed at UBS Financial Services, misrepresented and recommended unsuitable Puerto Rico bond investments. The complaint settled for $35,000.

In 2015 a customer alleged he, while employed at UBS Financial Services, misrepresented material facts and made unsuitable investment recommendations. The complaint settled for $45,000.

In 2014 a customer alleged he, while employed at UBS Financial Services, made an “unsuitable recommendation to hold a concentrated position in closed-end funds without disclosing the market risks.” The complaint settled in 2016 for $15,000.

In 2014 a customer alleged he, while employed at UBS Financial Services, misrepresented and recommended unsuitable investments. The complaint settled in 2016 for $115,000.

If you or someone you know has lost money investing with Luis Gonzalez, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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