Last Updated: May 2025 – Tampa, FL
Here’s what you need to know about Tampa, FL stockbroker Aishka O. Lugo:
- Name: Ms. Aishka O. Lugo
- Current Employer: UBS Financial Services Inc.
- Prior Employers: UBS Financial Services Inc. of Puerto Rico, R-G Investments Corporation, Salomon Smith Barney Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Aishka Lugo, Aishica O Hugo
- Primary Location: Tampa, FL
- CRD Number: 4419998
- Can Aishka Lugo be sued in FINRA arbitration? Yes
- Highest Settlement or Award: $1,125,000
- Number of Prior Settlements: 19
- Pending Customer Dispute Seeks Damages of: $50,000–$100,000
If you’ve sustained damages from Ms. Lugo, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Aishka Lugo As Your Stockbroker?
A FINRA arbitration filed in April 2024 (Case No. 24-00887), alleges that Aishka Lugo recommended unsuitable and over-concentrated investments in Puerto Rico closed-end funds and misrepresented them as safe investments. The claimant is seeking damages between $50,000 and $100,000 is this pending matter.
In total, Aishka Lugo has been named in at least 22 customer disputes, the vast majority involving allegations of unsuitability and misrepresentation concerning Puerto Rico municipal bonds and closed-end funds. Numerous complaints were settled by UBS Financial Services, including a $1,125,000 settlement in 2019 and several others exceeding $100,000.
Allegations of this nature typically fall under FINRA Rule 2111 (Suitability), which requires brokers to have a reasonable basis for their investment recommendations, and FINRA Rule 2020, which prohibits deceptive or misleading statements or omissions in connection with securities transactions.
Allegations of Broker Misconduct Against Aishka Lugo
Clients of Aishka Lugo have alleged the following forms of misconduct:
- Unsuitable Investment Recommendations: Repeated claims allege that Lugo advised clients to invest heavily in Puerto Rico closed-end funds and municipal bonds, which were unsuitable for their financial profiles.
- Over-Concentration: Several cases involved portfolios heavily weighted toward risky Puerto Rico assets, heightening exposure and investor losses.
- Misrepresentation and Omission of Risk: Many disputes assert that Lugo failed to disclose the inherent risks and volatility associated with these securities.
Notable Disputes and Settlements:
- Case No. 18-01868
- Filed: June 15, 2018
- Alleged Damages: $4,000,000
- Settlement: $1,125,000
- Case No. 23-02558
- Filed: September 21, 2023
- Alleged Damages: $1,500,000
- Settlement: $385,000
- Case No. 19-02488
- Filed: August 26, 2019
- Alleged Damages: $1M–$5M
- Settlement: $200,000
- Case No. 19-00699
- Filed: April 10, 2019
- Alleged Damages: $1,142,236.70
- Settlement: $380,000
- Case No. 16-03309
- Filed: November 16, 2016
- Alleged Damages: $906,000
- Settlement: $215,000
- Total Settlements: Multiple exceeding six figures; highest $1.125M
These disputes demonstrate a consistent pattern of allegations involving complex and risky products, often tied to Puerto Rican debt instruments.
The Financial Industry Regulatory Authority (FINRA) mandates the disclosure of all customer complaints and regulatory actions, ensuring transparency. Investors harmed by unsuitable or misrepresented investment recommendations have a legal path to pursue recovery through FINRA arbitration.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other UBS Financial brokers
If you have suffered investment losses in an account handled by Aishka O. Lugo, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.