Gustavo Velazquez Melendez Allegedly Engaged in Misrepresentation & Omissions, Breach of Fiduciary Duty, Breach of Contract, Unsuitability, Fraud, & Negligence
Gustavo Melendez allegedly engaged in misrepresentation and omissions, breach of fiduciary duty, beach of contract, unsuitability, fraud, and negligence, according to FINRA Reports under review by investor rights attorney Alan Rosca.
Said complaint was filed on November 6, 2018, is requesting damages of $160,000.00, FINRA notes.
A second pending customer complaint filed on October 9, 2018 also alleges misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to supervise, fraud, and negligence, and is requesting damages of $165,000.00, FINRA states. Said complaint also alleges that the period of the alleged behavior was from April 2012 until July 2012, FINRA notes.
Gustavo Melendez is also the subject of a third pending customer filed on October 3, 2018 which is alleging unsuitability, and is requesting restitution after interest received, and claims that the period of behavior was from 2009 to 2013, FINRA states.
A fourth pending customer complaint filed on August 17, 2018 alleges misrepresentations, risky investments, overly aggressive and speculative investments, concentration, unsuitability, violation of fiduciary duty, breach of contract, negligence, fraud, and failure to supervise, FINRA notes.
The damage amount requested is $135,000.00, and the period of behavior was allegedly January of 2011, FINRA reports.
Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Gustavo Melendez’s alleged misrepresentation and omissions, breach of fiduciary duty, beach of contract, unsuitability, fraud, and negligence. Investors who believe they may have lost money in activity related to Gustavo Melendez’s alleged misrepresentation and omissions, breach of fiduciary duty, beach of contract, unsuitability, fraud, and negligence are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Gustavo Melendez Has Worked for 16 Years in the Securities Industry at 3 Different Firms, Has 21 Pending Disputes, 5 Settled Disputes, and 2 Denied Disputes
Gustavo Melendez has worked for 16 years in the securities industry at 3 different firms, has 21 pending disputes, 5 settled disputes, and 2 denied disputes, FINRA states.
Gustavo Melendez has been registered with Nationwide Planning Associates Inc. in Humacao, Puerto Rico since March 3, 2017, FINRA notes.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Gustavo Melendez’s alleged misrepresentation and omissions, breach of fiduciary duty, beach of contract, unsuitability, fraud, and negligence. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions. The Rosca Scarlato attorneys are not licensed to practice law in Puerto Rico, nor do they seek to practice law in Puerto Rico by virtue of publishing this blog. Please see their admissions to practice law at the bottom of this page.
Investors who believe they lost money as a result of Gustavo Melendez’s alleged misrepresentation and omissions, breach of fiduciary duty, beach of contract, unsuitability, fraud, and negligence may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
