Jaime Rullan Involved In Merrill Lynch Investor Arbitration Claims Re: Unsuitable Advice

Investors potentially experienced sales practice violations due to securities broker Jaime Antonio Rullan-Ferrao (also known as Jaime Rullan) [CRD: 2923020, Guaynabo, Puerto Rico], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Rullan joined Merrill Lynch on August 3, 2009, as a broker, and on March 15, 2013, as an investment adviser. Keep reading to find out more about the disclosures reported concerning Rullan.

Merrill Lynch Investor Accused Rullan Of Misrepresentation

Evidently, on May 15, 2024, a Merrill Lynch client filed FINRA Arbitration No. 24-01061 about Jaime Rullan. Primarily, the client alleged that Rullan misrepresented information and gave unsuitable advice about closed end funds. Therefore, the client requested damages in compensation from Merrill Lynch or Rullan. Supposedly, this claim awaits a resolution.

Jaime Rullan Disclosed Unsuitable Recommendations Allegations By Merrill Lynch And UBS Financial Services Client

Additionally, a client of Merrill Lynch and UBS Financial Services took aim at Jaime Rullan’s sales practices by bringing FINRA Arbitration No. 18-03698. Allegedly, Rullan misrepresented facts and made unsuitable recommendations concerning closed end funds. For this reason, Merrill Lynch opted to settle the dispute on May 20, 2020, by paying $25,000.

Merrill Lynch Client Accused Rullan-Ferrao Of Misrepresentation

Particularly, a Merrill Lynch and UBS Financial Services Inc. client filed FINRA Arbitration No. 18-03444 about Jaime Rullan-Ferrao. Evidently, the client alleged unsuitable advice and misrepresentation. Because of this, the client allegedly incurred damages linked to closed end funds. As a result, on March 3, 2021, Merrill Lynch settled this matter by paying the client $25,000.00 in damages.

Jaime Rullan-Ferrao Disclosed Unsuitable Advice Allegations By Merrill Lynch Client

Also, a client of Merrill Lynch disputed Jaime Rullan-Ferrao’s sales practices by filing FINRA Arbitration No. 18-03201. Allegedly, Rullan-Ferrao made misrepresentations and unsuitable recommendations. It appears that Rullan-Ferrao caused the client to sustain damages linked to municipal bonds. Consequently, Merrill Lynch opted to settle the matter on May 13, 2020, by compensating the client in the amount of $22,000.00.

Merrill Lynch Investor Accused Rullan-Ferrao Of Unauthorized Trading

Specifically, a Merrill Lynch client filed FINRA Arbitration No. 16-01126 about Jaime Rullan-Ferrao. Mainly, the client claimed that Rullan-Ferrao made omissions, misrepresentations, engaged in unauthorized trading, and gave unsuitable advice about closed end funds. For this reason, on February 13, 2020, Merrill Lynch settled this matter by paying the client $25,717.24 in damages.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Jaime Rullan?

Did you experience losses because of Jaime Rullan-Ferrao? If so, contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors located throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Rullan and brokerage firms Rullan worked for deny allegations referenced within these public disclosures.