Last Updated: February 2024 (Boca Raton, FL)
Felipe Arrieta Investigation Summary
Here’s what you need to know about Boca Raton, FL, stockbroker Felipe Arrieta:
- Name: Felipe Nery Arrieta
- Current Employer: Vestech Securities Inc.
- Previous Firms: Great Point Capital, Moloney Securities, San Blas Securities, SW Financial, Dakota Securities International, Revere Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Felipe Arrieta
- Primary Location: Boca Raton, FL
- CRD 4142123
- Can Felipe Arrieta be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $90,000
- Has Pending Customer Claim Seeking $747,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Felipe Arrieta As Your Stockbroker?
Felipe Arrieta discloses two settled claims. A customer of Newbridge Securities was paid $60,000 to resolve claims that Arrieta traded the account without authority and misused margin. In 2018 a customer of Revere Securities was paid $90,000 to resolve allegations that Arrieta traded the account without authority, misused margin borrowing and breached fiduciary duty.
In 1/2023 a customer of SW FInancial filed a FINRA arbitration alleging that Arrieta overconcentrated their account, took excessive risk, charged excessive commissions and failed to perform adequate due diligence in connection with an investment in private placements. Damages of $747,000 are sought in this currently pending matter.
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Felipe Arrieta
Customers of Felipe Arrieta have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unauthorized Trading
- Misuse of margin borrowing
- Breach of fiduciary duty
- Over concentrated account
- Failed to perform adequate due diligence
- Charged excessive commissions
Investigations involving Over-Concentration
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
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.
Recover Your Investment Losses Now With Rex Securities Law
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
If you have suffered investment losses in an account handled by Felipe Arrieta, contact us for a complimentary consultation with an experience 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.
