Tom Abel Puentes, Financial Advisor Suspended by FINRA | Goodman and Nekvasil May Recover Investors Losses

Goodman and Nekvasil May Recover Investors Losses | Tom Abel Puentes, Financial Advisor Suspended by FINRA

FINRA reports that on November 7, 2016, Tom Puentes, was suspended from association with any FINRA member in any capacity for thirty days and fined $15,000.  

FINRA reports Tom Puentes consented to the sanctions and to the entry of findings that Tom Puentes exercised time and price discretion in customer accounts to purchase municipal bonds.

FINRA found that Tom Puentes member firm prohibited registered representatives from exercising discretion, including time and price discretion, in commission-based accounts unless prior written authorization has been obtained from both the customer and the firm.

FINRA’S BrokerCheck reports fifteen customer disputes against Tom Puentes have been settled since January 2015. These complaints alleged unauthorized trading and unsuitability among other things. FINRA BrokerCheck also reports Tom Puentes was a registered representative of Morgan Stanley from June 2009 through November 2014. He was registered with Kestra Investment Services, LLC from December 2014 until May 2018.

Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.

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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.  All our cases are handled on a purely contingency fee basis.

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. 

If you incurred losses on your investment with Tom Puentes, you may be able to recover your losses from Kestra Investment Services, LLC and /or Morgan Stanley. This is because Kestra Investment Services LLC and Morgan Stanley had a duty to supervise Tom Puentes. If you 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.

Contact Us Today!

1 Step 1
FormCraft - WordPress form builder