Ignacio Ordonez Discloses Allegations Of Unsuitable Recommendations

Soreide Law Group is investigating possible investor claims against securities broker Ignacio Ordonez (CRD:  5262904, San Antonio, TX). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for BBVA Securities Inc. Evidently, one or more investors alleged that Ordonez made unsuitable recommendations. Here is a brief summary of the disclosures about Ordonez.

Ignacio Ordonez Discloses Unsuitable Recommendations Allegations By BBVA Securities Inc. Client

Additionally, a client of BBVA Securities Inc. contested Ignacio Ordonez’s sales practices, according to a complaint dated March 23, 2022. Allegedly, Ordonez made unsuitable recommendations. Supposedly, Ordonez caused the client to sustain damages by investing in mutual funds. Therefore, the client sought compensatory relief from BBVA Securities Inc. However, this complaint is withdrawn.

BBVA Securities Inc. Investor Accuses Ordonez Of Unauthorized Trading

Also, on April 4, 2020, a BBVA Securities Inc. client filed a complaint about Ignacio Ordonez. Namely, the client alleged that Ordonez engaged in unauthorized trading. Because of this, the client allegedly sustained damages by investing in mutual funds. Therefore, the client requested $263,587 in compensation from BBVA Securities Inc. or Ordonez. Evidently, this complaint is pending a resolution.

Ignacio Ordonez Employment Information

• Ordonez worked for PNC Managed Account Solutions Inc. in Houston, TX, as a financial advisor from October of 2011 to December of 2021.
• Ordonez worked for BBVA Securities Inc. in San Antonio, TX, as a securities broker from May of 2013 to September of 2021.
• Ordonez has worked for PNC Investments in San Antonio, TX, as a securities broker since September 17, 2021.
• Ordonez has worked for PNC Managed Account Solutions Inc. in San Antonio, TX, as a financial advisor since January 12, 2022.

Did BBVA Securities Inc. Securities Broker Ordonez Cause You To Experience Damages?

Have you suffered damages by investing with Ignacio Ordonez? You should get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in the United States, can review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Ordonez and brokerage firms Ordonez worked for deny any and all allegations of sales practice violations.