Goodman & Nekvasil P.A, May Recover Investor Losses on Puerto Rico Bonds and Puerto Rico Closed-End Funds – David Garcia Cirilo Formerly Licensed with Santander Securities, LLC
From 2006 to 2014, David Cirilo was licensed with Santander Securities, LLC. David Cirilo is now licensed with Morgan Stanley. FINRA reports that five arbitration claims were filed involving David Cirilo’s conduct with Santander Securities, LLC and/or UBS Financial Services, Inc. alleging unsuitability, overconcentration, misrepresentations, breach of fiduciary duty, negligence, fraud, failure to supervise and control, breach of contract, and/or omissions regarding Puerto Rico bonds and/or Puerto Rico closed-end funds. These arbitration claims were settled for $1,950,000, $1,000,000, $575,000, $200,000, $70,000, and $50,000.
FINRA also reports that five arbitration claims involving David Cirilo’s conduct with Santander Securities, LLC and/or UBS Financial Services, Inc. are currently pending. These claims allege, among other things, overconcentration, unsuitability, breach of fiduciary duty, breach of contract, contractual negligence, negligent supervision, misrepresentations, fraud, constructive fraud, failure to supervise, violations of securities laws and rules, and/or breach of good faith and fair dealing regarding Puerto Rico municipal bonds and/or closed-end funds. These pending arbitration claims seek $2,212,354, $1,000,000, $699,000, $98,427.65, and $80,000.
If you lost any money on Puerto Rico Bonds and/or Puerto Rico closed-end funds with David Cirilo, you may be able to recover your losses from Santander Securities, LLC and/or Morgan Stanley. This is because Santander Securities, LLC and Morgan Stanley had a duty to supervise David Cirilo.
If you lost money on Puerto Rico Bonds and/or Puerto Rico closed-end funds with David Cirilo 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 Santander Securities, LLC and/or Morgan Stanley concerning David Cirilo’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.
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 Puerto Rico Bonds and/or Puerto Rico closed-end funds with David Cirilo 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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