Soreide Law Group is currently representing investors nationally and internationally regarding Puerto Rican bond losses. If you’ve experienced investment losses in Puerto Rico or in the United States, please call Soreide Law Group (888) 760-6552 for a free consultation on how to potentially recover your losses. The following was obtained from FINRA’s website under ‘Disciplinary and Other FINRA Actions, July 2015.”
OFS Securities, Inc., nka Oriental Financial Services Corp. (CRD #39615, Hato Rey, Puerto Rico)
was censured and fined $50,000 for allegedly, failing to produce certain documents and information prior to the start of a FINRA arbitration hearing as ordered by the arbitration panel.
OFS Securities, Inc., nka Oriental Financial Services Corp. should have been aware that documents and information could be located in its warehouse or obtained from its clearing firm. Specifically, they failed to produce trade blotters, account statements, and emails related to transactions at issue in the arbitration until after the arbitration hearing had already begun.
FINRA’s findings stated that OFS Securities, Inc., nka Oriental Financial Services Corp. also inaccurately represented to the claimant that it did not have responsive documents in its possession, custody or control.
(FINRA Case #2013036797001)
If you or a loved one purchased Puerto Rico bonds please call Soreide Law Group at (888) 760-6552 for a free consultation.