Close Menu
Free Consultation: 888-976-6111

Juan Herrans: Merrill Lynch Advisor Has 3 Complaints

Juan Herrans (full name Juan Guillermo Herrans Barreras) of Merrill Lynch in Guaynabo, Puerto Rico and Miami, Florida, has three customer complaints on his Brokercheck report maintained by the Financial Industry Regulatory Authority. Two of the complaints settled for a total of $305,000, and a third is still pending.

The first complaint, dated April 9, 2015, alleged that Herrans made “unsuitable investment recommendations and misrepresentation and omissions of material facts” causing the customer $300,001 in damages. That claim settled for $55,000.

The next complaint, dated June 6, 2010, alleged “misrepresentation and omissions of material facts, and unsuitable investments” causing $500,000 in damages. That claim settled for $250,000.

The latest customer alleged “unsuitable investment recommendations and omission of material facts from March 2013 to May 2013” and $500,000 in damages. That claim is still pending. All three claims relate to municipal debt and/or closed-end funds.

Prior to his employment with Merrill Lynch, Herrans was employed with UBS Financial in Hayo Rey, Puerto Rico.

If you were sold unsuitable investments, please call us at 888-976-6111 for a free consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Richard Bernstein: Complaints Against Nevada, California Wells Fargo Advisor

    Investor complaints against Wells Fargo broker and investment advisor Richard Bernstein (CRD# 1113777) allege conduct including false representations, suitability violations,...

    Read More
  • Jeffrey Smith: Complaints Against Michigan Merrill Lynch Advisor

    Investor complaints against Merrill Lynch broker and investment advisor Jeffrey Smith (CRD# 1908011) allege conduct including misrepresentation, suitability violations, unauthorized...

    Read More
  • Timothy Augustin: $2.4 Million Complaint Against Former Western International Broker

    Pending investor complaints against former Western International Securities broker and investment advisor Timothy Augustin (CRD# 5283043) allege conduct including fraud,...

    Read More
  • Eric Weschke: $200,000 Complaint Against Kalos Advisor

    Investor complaints against Kalos Capital broker and investment advisor Eric Weschke (CRD# 4697621) allege conduct including suitability violations, breach of...

    Read More
  • Previous
  • Next