Hector Villaescuela: $20 Million Complaint Against Bulltick Advisor

A recent investor complaint against Miami financial advisor Hector Villaescuela (CRD# 4185707) alleges that his conduct resulted in eight-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Bulltick and an investment advisor with Bulltick Wealth Management.

Mr. Villaescuela’s BrokerCheck report discloses one investor complaint. Filed in January 2024, it alleges that as a representative of Bulltick, he made misrepresentations of material facts in connection with a private special purpose vehicle and misappropriated the customers’ funds. The pending complaint alleges damages of $20 million.

In a statement included with the pending complaint’s disclosure, Mr. Villaescuela defended himself against the allegations. “The representative denies the allegations in the complaint in their entirety and did not engage in any misappropriation of the plaintiffs’ funds,” the comment reads. “Plaintiffs are sophisticated institutions that employ sophisticated, professional management teams, including investment professionals and in-house legal counsel, and that invested in this private placement after conducting their own due diligence… Plaintiffs also acknowledged in writing that they were not relying on the representative when making their investments.”

According to the Financial Industry Regulatory Authority, Hector Villaescuela holds 20 years of securities industry experience. Based in Miami, Florida, he has been a broker and an investment advisor with Bulltick since 2019 and 2022, respectively. His past registrations include Goldman Sachs & Company (New York, New York; 2010-2017), JP Morgan Securities (New York, New York; 2008-2010), Nafinsa Securities (New York, New York; 2001-2007), and Bancomer Securities International (Houston, Texas; 2000-2001). His credentials include the passage of nine securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Securities Trader Exam, or Series 57TO; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, Florida, and Texas. (Information current as of February 18, 2024.)

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