Juan Guillermo Herrans Barreras (CRD#: 1742910, Miami, Florida) is a financial advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”). Mainly, the advisor, who has been registered with the firm since June 21, 2010, has some alarming disclosures on his FINRA BrokerCheck Report. Specifically, four customers filed disputes in regard to Juan Barreras’ sales practices. Here is a breakdown of those disputes:
On January 15, 2019, a customer of Merrill Lynch disputed Juan Barreras’ sales practices by bringing FINRA Arbitration #19-00192. Allegedly, Juan Barreras made bad investment recommendations particularly concerning mutual funds the customer ultimately purchased. Not only that, but Barreras allegedly made misleading or false statements about those mutual fund investments. Because of this, the customer supposedly incurred investment losses and now seeks $600,000.00 in compensation. However, Barreras denies the customer’s allegations in this pending matter.
A Merrill Lynch customer filed a FINRA Arbitration #16-02517 on August 25, 2016 in regard to Juan Barreras’ sales practices. Allegedly, Barreras omitted and misrepresented critical information about the municipal debt products the customer purchased and held. Secondly, the customer claimed that Barreras made unreasonable and inappropriate investment recommendations. As a result of the alleged misrepresentation, omissions, and unsuitable advice, Merrill Lynch opted to pay the customer $125,000.00 in damages. Accordingly, this matter settled February 21, 2018.
Additionally, Juan Barreras reported through FINRA BrokerCheck that FINRA Arbitration #15-01060 was filed by a customer of Merrill Lynch on May 7, 2015. Mainly, this matter concerned allegations of Barreras’ omissions and misrepresentations relating to the customer’s municipal debt investments. Additionally, the customer contended that between December 2011 and February 2015, Barreras poorly advised the customer about investments. Consequently, Merrill Lynch chose to settle this matter by paying the customer $250,000.00 in damages.
Customers of both Merrill Lynch and UBS Financial Services Inc. (Juan Barreras’ employer from September 11, 1997 to June 22, 2010) filed FINRA Arbitration #14-03656 on April 9, 2015 in regard to Barreras’ bad sales practices. Allegedly, Barreras gave bad investment advice to the customers about closed end funds and municipal debt investments. Not only that, but the customers claimed that Barreras omitted “material facts” concerning those investments. Evidently, the firms collectively settled the customers’ claim by paying them $55,000.00.
Have you experienced losses by investing with UBS Financial Services broker Juan Barreras? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Our firm has recovered millions of dollars for investors who have suffered losses due to broker and brokerage firm misconduct. We represent clients on a contingency fee basis and advance all costs.
Soreide Law Group is investigating potential investor claims involving Blue Owl Capital Corporation (NYSE: OBDC), including whether brokers and financial advisors properly explained the risks surrounding this publicly traded business development company and its related private credit platform. OBDC invests primarily in loans to middle-market companies and is often marketed as an income-generating investment. However, […]
Investors potentially experienced sales practice violations by securities broker Mark Perry Kissinger [CRD: 4546631, Frisco, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kissinger worked for NYLIFE Securities LLC since November 27, 2018, and Eagle Strategies LLC since March 15, 2023. Read on for a better understanding about the disclosures involving this […]
Investors have reportedly disputed the sales practices of securities broker Robert Steven Wilkinson [CRD: 1180321, Oakland, California], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Wilkinson worked for Western International Securities Inc. from November 26, 2013, to June 5, 2025, and later registered with LPL Financial LLC beginning June 5, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com