Last Updated: June 2025 – San Juan, PR
Here’s what you need to know about San Juan, PR, stockbroker Angel Manuel Canabal Sr.:
- Name: Mr. Angel Manuel Canabal Sr.
- Current Employer: UBS Financial Services Inc.
- Prior Employers: UBS Financial Services Incorporated of Puerto Rico; Merrill Lynch, Pierce, Fenner & Smith Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: San Juan, PR
- CRD: 2180310
- Can Angel Canabal be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $6,049,448 plus interest and legal costs
- Pending Customer Dispute Seeks Damages of: $400,000
If you’ve sustained damages from Mr. Canabal, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Angel Canabal As Your Stockbroker?
Angel Canabal has been the subject of several customer disputes stemming from the sale of Puerto Rico bonds and closed-end bond funds. In FINRA case #16-02528, filed on August 30, 2016, customers alleged overconcentration in Puerto Rico bonds, use of margin, fraud, and suitability violations. On May 20, 2019, the arbitration panel awarded:
- $1,388,931 in compensatory damages
- $6,049,448 for asset repurchase
- $300,000 in attorneys’ fees
- $100,000 in legal costs
- Plus interest at 6.25% per annum
A second case, filed in 2016 under FINRA case #16-00290, alleged overconcentration, unsuitability, and misrepresentation and resulted in a settlement of $509,358.
A third, currently pending case filed in January 2025 in the District of Puerto Rico (case #25-01105) alleges that Canabal recommended unsuitable Puerto Rico bonds and misrepresented associated risks. The damages sought are $400,000.
Allegations of Broker Misconduct Against Angel Canabal
Customers of Angel Canabal have alleged the following misconduct:
- Overconcentration
- Unsuitable investment recommendations
- Use of margin loans
- Misrepresentation and omissions of material facts
- Failure to disclose risks
- Negligent supervision
- Breach of fiduciary duty and contract
- Violation of FINRA rules of fair practice, including “Know Your Customer” obligations under FINRA Rule 2090
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 Angel Manuel Canabal Sr., 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.