Last Updated: April 2025 | Sarasota, FL
Here’s what you need to know about Sarasota, FL, stockbroker Felipe Colon:
- Name: Mr. Felipe Juan Antonio Colon
- Current Employer: Not currently registered (most recent affiliation: Belpointe Asset Management, LLC as Investment Adviser Representative)
- Prior Employers: LPL Financial LLC, Wells Fargo Clearing Services, LLC
- Function: Stockbroker / Registered Investment Advisor
- Aliases: Felipe Colon
- Primary Location: Sarasota, FL
- CRD: 5462167
- Can Felipe Colon be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a Prior Employer: Yes
- Highest Settlement or Award: $11,000
- Pending Customer Dispute Seeks Damages of: $500,000
If you’ve sustained damages from Mr. Colon, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Felipe Colon As Your Stockbroker?
A pending FINRA arbitration (Docket No. 24-01580) filed on 8/ 2024 by a customer of Wells Fargo, LPL Financial and Belpointe Asset Management, seeks $500,000 in damages. The customer alleges that from 2015 to 2024, Mr. Colon made unsuitable investment recommendations —all of which failed to align with the investor’s risk tolerance and investment profile.
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.
FINRA Rule 2111- suitability -Regulation Best Interest
In a prior customer dispute, a Florida resident filed a FINRA arbitration claim (Docket No. 09-04083) alleged negligence, breach of contract, misrepresentation, and violations of NASD and FINRA conduct rules. The complaint alleged Mr. Colon failed to follow specific trading instructions. That case was ultimately settled for $11,000.
Allegations of Broker Misconduct Against Felipe Colon
Felipe Colon has multiple disclosure events including:
- Unsuitable Investment Recommendations
- Misrepresentation and Omissions:
- Termination from LPL Financial: Mr. Colon was discharged on November 5, 2019, after allegedly engaging in an office-sharing arrangement with an unaffiliated RIA without firm approval.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Felipe Colon, 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.