GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – MIGUEL ANDRES BALLESTAS FIRED BY MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
From 1988 until his firing in 2014, Miguel Ballestas was licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. Miguel Ballestas is currently licensed with Bolton Global Capital. According to FINRA records, Miguel Ballestas was fired by Merrill Lynch, Pierce, Fenner & Smith Incorporated on June 2, 2014. Merrill Lynch, Pierce, Fenner & Smith Incorporated reported to FINRA that there was an allegation related to possible insider trading by Miguel Ballestas and a client in advance of the September 2013 announcement that Pacific Rubiales Energy Corp. was to acquire Petrominerales LTD.
FINRA reports that an arbitration claim was filed, alleging that Miguel Ballestas made unauthorized trades from October 2012 to May 2013. The client amended his original claim in December 2014 to include unsuitable investment recommendations and misrepresentation by Miguel Ballestas. This claim was settled by Merrill Lynch, Pierce, Fenner & Smith Incorporated for $60,000.
If you lost any money on investments with Miguel Ballestas, you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Bolton Global Capital. This is because Merrill Lynch, Pierce, Fenner & Smith Incorporated and Bolton Global Capital had a duty to supervise Miguel Ballestas.
If you lost money on investments with Miguel Ballestas 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 against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Bolton Global Capital concerning Miguel Ballestas’ 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Miguel Ballestas 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.
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