Kury Calques et al v. Santander Securities, FINRA ID #12-01192 (San Juan, PR, 8/6/2013) - An all-public Panel awarded a total of $1,868,000 to a group of customers who alleged over-concentration of their accounts. According to FINRA's Award Summary on their website, "Claimants asserted the following causes of action: negligence, breach of contract, breach of […]

Kury Calques et al v. Santander Securities, FINRA ID #12-01192 (San Juan, PR, 8/6/2013) - An all-public Panel awarded a total of $1,868,000 to a group of customers who alleged over-concentration of their accounts. According to FINRA's Award Summary on their website, "Claimants asserted the following causes of action: negligence, breach of contract, breach of […]

WASHINGTON — In an article posted on FINRA's website it was announced that the Financial Industry Regulatory Authority (FINRA) has fined Santander Securities of Puerto Rico $2 million for deficiencies in its structured product business, including unsuitable sales of reverse convertible securities to retail customers, inadequate supervision of sales of structured products, inadequate supervision of accounts […]