Category Archives: Closed End Funds

Felix A. Bartolomei-Cuso Financial Services Broker-Discloses Pending Customer Disputes

Orlando, Florida

According to FINRA records,  Felix Alberto Bartolomei   a stockbroker  employed by Cuso Financial Services , discloses  3 pending customer disputes and 2 final customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 16-0737, a customer while Bartolomei was employed by Santander Securities alleges damages of $400,000 for breach of fiduciary duty, breach of contract, constructive fraud and failure to supervise in connection with an investment in Puerto Rico bonds and closed-end funds.

In FINRA Case 16-0326, a customer while Bartolomei was employed by Santander Securities alleges damages of $243,000 for breach of fiduciary duty, unsuitable investments,  and failure to supervise in connection with an investment in  closed-end funds.

In FINRA Case 15-0262, a customer while Bartolomei was employed by Santander Securities alleges damages of $300,000 for fraud, breach of fiduciary duty, breach of contract, constructive fraud and failure to supervise in connection with an investment in Puerto Rico bonds and closed-end funds.

Bartolomei has been employed by Cuso Financial since 11/2014 Prior to that he was employed by Santander Securities from 9/2006-3/2014.

Robb was employed by Cuso Financial Services from 5/2012-4/2016. He was permitted to resign from Cuso Financial in 4/2016 for violation of firm special supervision program for failing to secure pre-approval of a variable annuity transaction.

Robb’s prior employment includes Lincoln Financial Distributors from 5/2006-5/2012.

If you have questions about an account handled  by Felix Alberto Bartolomei , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Justin Amaral Investigation Update-Customer Wins $1M in Arbitration

Boston, MA

In December 2015, a FINRA arbitration panel awarded a former customer of Morgan Stanley Smith Barney Broker Justin Amaral over $1 million, which included over $500,000 in punitive damages. The customer alleged breach of fiduciary duty, breach of contract and violations of the securities laws and that the closed-end funds in her account were unsuitable and were misrepresented to her. FINRA Case 14-03705.

Earlier in the year, in June 2015, Amaral was barred from the securities industry for his failure to cooperate with a FINRA investigation. See this for more. 

FINRA records report another large claim against Amaral, a $750,000 customer claim for gross mismanagement and misrepresentation related to exchange traded funds, closed end funds and mutual funds.

Stockbrokers have a duty to make suitable recommendations to customers, taking into account age, health, risk tolerance and investment objectives. FINRA arbitration is a process substantially faster and much less costly than court litigation.

If you have suffered losses in an account handled by Justin Amaral, call to discuss your options with an experienced securities attorney.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870