Jose Maria Del Valle Lecaroz (Jose Del Valle) – Customer Disputes Filed Alleging Sales Practice Violations Against Financial Advisor/Broker Jose Del Valle | Goodman & Nekvasil P.A., May Recover Investor Losses
Jose Maria Del Valle Lecaroz (Jose Del Valle) CRD #4321519
Jose Del Valle is a currently licensed financial advisor/broker with National Planning Associates Inc. Jose Del Valle was a previously licensed financial advisor/broker with Aegis Capital Corp., UBS Financial Services Inc., and UBS Financial Services Incorporated of Puerto Rico. According to Jose Del Valle’s BrokerCheck Report, five recent customer disputes have been filed alleging sales practice violations against Jose Del Valle.
Customer Dispute (6/18/2019): Allegations against Jose Del Valle include unsuitable investments, over-concentration, and misrepresentation. This customer dispute is pending and seeks $200,000 in damages. The product at issue was Puerto Rico Closed-End Funds.
Customer Dispute (12/20/2018): Client’s counsel alleged against Jose Del Valle that Jose Del Valle failed to disclose the risks of investing in Puerto Rico Closed-End Funds, which were unsuitable investments. The Client also alleged against Jose Del Valle that Jose Del Valle’s recommendation to purchase and hold the Puerto Rico Closed-End Funds was unsuitable and that the accounts were unsuitably concentrated in the Puerto Rico Closed-End Funds. This customer dispute is pending and seeks $1,050,733.87 in damages.
Customer Dispute (5/21/2018): Allegations against Jose Del Valle include unsuitable investments, over-concentration, and misrepresentation. This customer dispute is pending and seeks $210,000. The product at issue was Puerto Rico Closed-End Funds.
Customer Dispute (5/7/2018): Allegations against Jose Del Valle include unsuitable investments, over-concentration, and misrepresentation. This customer dispute settled for $87,500. The product at issue was Puerto Rico Closed-End Funds.
Customer Dispute (3/30/2016): Allegations against Jose Del Valle are unsuitable recommendations, over-concentration, and misrepresentations in connection with the purchase of Close-End Funds and Puerto Rico bonds. This customer dispute settled for $500,000.
Jose Del Valle’s BrokerCheck Report also reports that five other customer disputes alleging sales practice violations against Jose Del Valle have been settled. The largest settlements were $245,000, $75,000, and $70,000.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost any money on investments in Puerto Rico Closed-End funds with Jose Del Valle, you may be able to recover your losses. If you lost money on investments in Puerto Rico Closed-End funds with Jose Del Valle and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Jose Del Valle’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments in Puerto Rico Closed-End funds with Jose Del Valle and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 2/10/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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