Investor Alert > Ivan Claudio— Alleged Misrepresentation of Puerto Rico Closed-end Funds
Posted Aug 26, 2018
by Alan Rosca

Ivan Claudio— Alleged Misrepresentation of Puerto Rico Closed-end Funds

Ivan Antonio Claudio, a/k/a Ivan Claudio Villamil, Allegedly Engaged in Unsuitable Transactions, & Misrepresentation of Puerto Rico Closed-end Funds

Ivan Claudio, a/k/a Ivan Claudio Villamil, allegedly engaged in unsuitable transactions, unauthorized trading, omission of material facts, fraud, negligence and/or over-concentration and misrepresentation of Puerto Rico closed-end funds, all according to a customer complaint disclosed in publicly available records maintained by the Financial Industry Regulatory Authority (FINRA).

The investor rights lawyers at Rosca Scarlato law firm are investigating Mr. Claudio’s conduct to determine whether any investors may have claims for unsuitable transactions, unauthorized trading, omission of material facts, fraud, negligence and/or over-concentration and misrepresentation of Puerto Rico closed-end funds. Investors may contact investor rights attorney Alan Rosca to provide information or inquire about their legal options.

Claudio Has 23 Disclosures & 3 Claims Were Filed Relating to His Work with Santander Securities, LLC

Ivan Claudio was reportedly licensed with Santander Securities, LLC from 1997 to 2016, and was then registered with Aegis Capital from March of 2016 to March 2018, and with Nationwide Planning from March of 2018 to April 2018, according to FINRA Reports.

Claudio has 23 disclosures in his 31 year career in the securities industry, and 3 of Claudio’s arbitration claims and/or complaints were filed involving Claudio’s conduct with Santander Securities, LLC, FINRA notes. These arbitration claims and/or complaints were all settled, with the largest settling for $75,000, FINRA notes.

Brokerage firms such as Santander Securities, LLC have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.

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 Ivan Claudio‘s alleged engagement in unsuitable transactions, unauthorized trading, omission of material facts, fraud, negligence and/or over-concentration and misrepresentation of Puerto Rico closed-end funds. 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, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to securities 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.

If you or a loved one or a friend has lost money investing with Ivan Claudio, you may contact attorney Alan Rosca or his colleagues 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.

Contact us. All evaluations are free

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

Contact us at 888‑998‑0530 or through the contact form on this page.
No recovery, no fees.*

How to contact us?

We can also do a Zoom call to discuss your matter.