Frankowski Firm Investigating Morgan Stanley Broker

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Frankowski Firm Investigating Morgan Stanley Broker

The Frankowski Firm is investigating claims pertaining to Angel E. Aquino-Velez of Miami, Florida, who has been registered with Morgan Stanley since February 2010. Aquino has also been registered with Merrill Lynch, Pierce, Fenner & Smith, Inc. in Guaynabo, Puerto Rico (September 2006-September 2009) and UBS Financial Services, Inc. in Manati, Puerto Rico (May 2000-September 2006). The Morgan Stanley broker has been the target of a number of customer complaints pertaining to closed-end funds and Puerto Rico municipal bonds. According to FINRA’s BrokerCheck, Aquino has been the target of the following complaints:

  • November 2015: A customer alleged unsuitable investments, overconcentration, and misrepresentations concerning closed-end funds.
  • November 2015: A customer alleged, among other things, unsuitability and misrepresentation with respect to purchases of municipal bonds in accounts from 2012 to 2015.
  • July 2015: A customer alleged, among other things, unsuitability with respect to the recommendation and overconcentration of municipal bonds in trust accounts from 2012 to 2014.
  • April 2014: A customer alleged, among other things, misrepresentation with respect to the purchases of Puerto Rico Municipal Bonds in their accounts from April to December of 2012.
  • April 2014: A customer alleged that from 2005 t0 2014 recommendation of a reckless and unsuitable concentration in risky closed-end funds.
If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.

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