Former Morgan Stanley Broker Angel Aquino-Valez Accused by Clients of Misconduct for Selling Puerto Rico Bonds
Former Morgan Stanley broker Angel Edgardo Aquino-Velez (CRD# 2687333) has been accused by his clients of making unsuitable investments with regard to Puerto Rican municipal bonds.
Aquino-Velez was a broker in Miami, Florida with Morgan Stanley from 2010 to 2017. Many of his former clients have filed FINRA arbitrations alleging that Anquino-Velez made unsuitable recommendations to them to purchase Puerto Rican municipal bonds and Closed End Funds (CEFs).
Six cases are currently pending in FINRA arbitration. Another six cases have already been settled and closed.
Aquino-Valez is currently not registered. His employment with Morgan Stanley ended in July 2017.
Puerto Rican Bonds
Meyer Wilson continues to investigate claims involving the sale of Puerto Rico municipal bonds to investors. Investors may have been sold closed-end bond funds without warning of the potential risks. Many others may have received unsuitable recommendations to invest when they didn't have adequate funds to afford those risks.
You can read more about Meyer Wilson’s investigation into Puerto Rico municipal bond sales here.
If you purchased Puerto Rican bonds or closed end funds from a financial advisor, contact Meyer Wilson today for a free consultation to evaluate whether you have a legal claim for your losses.