Juan Barreras Investor Disputes

Merrill Lynch Investors Indicate Broker Juan Barreras Recommended Unsuitable, Misrepresented Investments

Investors are voicing complaints and serious concerns in regard to Juan Barreras [CRD#: 1742910, Guaynabo, Puerto Rico]. Supposedly, the securities broker, who began working with Merrill Lynch on June 21, 2010, shows 5 investor disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Supposedly, Merrill Lynch clients indicate that Barreras falsified details about investments, recommended bad securities, and made inappropriate trades. For additional information concerning Barreras, see below.

Merrill Lynch Client Suggests That Juan Barreras Misrepresented Information

Evidently, on August 26, 2019, a Merrill Lynch client filed FINRA Arbitration #: 19-02474 concerning Juan Barreras. Notably, the client asserted that Barreras falsified important investment information such as the risks or the terms of investments. Also, the client suggested that the securities broker recommended unreasonable mutual fund transactions. Supposedly, these investments conflicted with the client’s investment profile. It appears that by acting on Barreras’ recommendations, the client experienced losses. As a result, the client requested $800,000 in compensation from Merrill Lynch or Barreras. Evidently, this arbitration is pending a resolution.

Client Suggests That Barreras Recommended Unsuitable Securities

Supposedly, a client of Merrill Lynch contested Juan Barreras’ actions through filing FINRA Arbitration #: 19-00192 on January 15, 2019. Allegedly, Barreras gave investment advice which conflicted with the client's goals, risk tolerance or other criteria relating to suitability. The client indicated that the securities broker recommended unreasonable mutual fund investments. Moreover, the securities broker allegedly misrepresented those investments. Consequently, the client made a claim for compensatory damages from Merrill Lynch or Barreras in the amount of $600,000 in this ongoing matter.

Merrill Lynch Client Indicates That Juan Barreras Made Omissions

Supposedly, on August 25, 2016, a Merrill Lynch client filed FINRA Arbitration #: 16-02517 concerning Juan Barreras. Apparently, the client contended that from 2011 to 2016, Barreras concealed troubling information concerning investments such as the risks. It appears that the securities broker falsified the details concerning the risks or the terms as well. Similar to the other clients, this client seemingly received bad recommendations because the securities broker did not consider the client’s risk tolerance or some other aspect of the client’s investment profile. As a result, the client experienced losses on municipal bonds. Consequently, on February 21, 2018, Merrill Lynch settled this client’s dispute by way of paying the client $125,000.

Barreras Allegedly Makes Unsuitable Recommendations To Merrill Lynch Client

Notably, a client of Merrill Lynch contested Juan Barreras’ securities recommendations or sales through bringing FINRA Arbitration #: 15-01060 on May 7, 2015. Allegedly, Barreras failed to be accurate or honest regarding municipal bond risks. Also, the client suggested that the securities broker concealed important information concerning investments. Allegedly, the securities broker additionally recommended unreasonable trades as they conflicted with the client’s investment profile. Supposedly the municipal bonds which Barreras recommended or sold had caused the client to incur losses. As a result, Merrill Lynch agreed to resolve the matter on December 9, 2016 through paying the client a total of $250,000.

Did Merrill Lynch Broker Juan Barreras Sell You Bad Investments?

Have you experienced losses by investing with Juan Barreras? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel in regard to possibly recovering your investment losses. Soreide Law Group represents clients on a contingency fee basis and will advance all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers like Barreras and brokerage firms.