Felipe Arrieta Facing SW Financial Clients’ Unauthorized Trading Claims

Soreide Law Group is reviewing potential investor claims on behalf of individuals who incurred losses from securities broker Felipe Nery Arrieta [CRD: 4142123, Melville, New York]. Notably, Arrieta works for several firms, including Vestech Securities Inc. in St. Louis, Missouri since January 9, 2024, and previously with Great Point Capital LLC, Moloney Securities Co. Inc., San Blas Securities LLC, and SW Financial. Here’s more on investor disputes on Arrieta’s BrokerCheck report.

SW Financial Investor Accused Arrieta Of Breach Of Fiduciary Duty

Particularly, on January 23, 2023, a SW Financial client filed FINRA Arbitration No. 22-02985 about Felipe Arrieta. Specifically, the client alleged that Arrieta engaged in misrepresentation, negligence, unsuitability, and breach of fiduciary duty. Consequently, the client allegedly sustained damages on private placements. Therefore, the client requested compensation from SW Financial or Arrieta. Notably, this arbitration is pending a resolution.

Felipe Arrieta Disclosed Misrepresentation Allegations By SW Financial Client

Specifically, a client of SW Financial contested Felipe Arrieta’s sales practices by filing FINRA Arbitration No. 22-02403 on November 2, 2022. Namely, the client alleged misrepresentation, inadequate due diligence, overconcentration, and excessive commissions. It appears that Arrieta caused the client to sustain damages on private placements. Therefore, the client seeks compensation from SW Financial or Arrieta in the amount of $747,000 in this ongoing matter.

Revere Securities LLC Investor Accused Arrieta Of Breach Of Contract, Unauthorized Trading

Also, a Revere Securities LLC client filed FINRA Arbitration No. 17-00866 about Felipe Arrieta. Supposedly, Arrieta engaged in breach of contract, breach of fiduciary duty, and unauthorized trading, as well as misuse of margin, resulting in losses. Because of this, the client allegedly sustained damages on stocks and options. Therefore, on November 29, 2018, Revere Securities LLC settled this matter by paying the client $90,000 in damages.

Capital Guardian Client Complained About Felipe Arrieta’s Trading

Additionally, on November 29, 2011, a Capital Guardian LLC client filed a complaint about Felipe Arrieta. The client alleged that Arrieta engaged in unauthorized trading. As a result, the client reportedly sustained damages in options and stocks. Consequently, the client requested $15,000 in compensation from Capital Guardian LLC or Arrieta. However, the complaint was denied.

Arrieta Accused Of Poor Management Of Investor’s Account

In another instance, a VFinance Investments Inc. client contested Felipe Arrieta’s sales practices, according to a complaint dated February 5, 2008. Allegedly, the client accused the broker of unauthorized trading and poor management. The complaint indicates that Arrieta's actions allegedly led to damages in stocks. The client sought compensation from VFinance Investments Inc. or Arrieta. This complaint was also denied, and Arrieta maintained that the allegations were not true.

Seeking Recovery For Investment Losses Involving Arrieta

Did you experience damages because of securities broker / financial advisor Felipe Arrieta? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has successfully recovered losses for investors nationwide and operates on a contingency fee basis, advancing all costs. It's important to note that Arrieta and the brokerage firms he worked for deny accusations of sales practice violations.