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Luis Gonzalez: Complaints Against San Juan Financial Advisor

Settled and pending investor complaints against former San Juan, Puerto Rico broker Luis Gonzalez (CRD#: 2778967) allege conduct including suitability violations, over-concentration, misrepresentations, and more. Gonzalez is a former representative of UBS Financial Services, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2019 complaint alleged that as a representative of UBS Financial Services, Luis Gonzalez made material misrepresentations, did not disclose the leverage and liquidity risks of Puerto Rico bond and closed-end fund investments, over-concentrated the account, and recommended unsuitable products. The complaint alleges damages of $115,000.

A pending 2019 complaint alleged that as a representative of UBS Financial Services, Luis Gonzalez recommended unsuitable investments, misrepresented material facts, and over-concentrated investments in the account. The complaint alleges damages of $100,000.

A pending 2018 complaint alleged that as a representative of UBS Financial Services, Luis Gonzalez made misrepresentations and unsuitable recommendations. The complaint alleges damages of $125,000.

A 2016 complaint alleged that as a representative of UBS Financial Services, he misrepresented and recommended unsuitable Puerto Rico closed-end and municipal bond funds. The complaint reached a settlement of $110,000.

A 2016 complaint alleged that as a representative of UBS, he misrepresented material facts and recommended unsuitable investments. The complaint reached a settlement of $35,000.

A 2015 complaint alleged that as a representative of UBS, he recommended unsuitable closed-end Puerto Rico bond funds, misrepresented material facts, and over-concentrated investments in the account. The complaint reached a settlement of $45,000.

A 2014 complaint alleged that as a representative of UBS, he made an unsuitable recommendation to hold a concentrated position in closed-end funds but did not disclose the market risks. The complaint reached a settlement of $15,000.

A 2014 complaint alleged that as a representative of UBS, he recommended unsuitable investments whose risks he failed to disclose. The complaint reached a settlement of $40,000.

A 2014 complaint alleged that as a representative of UBS, he misrepresented and recommended unsuitable investments. The complaint reached a settlement of $115,000.

Luis Gonzalez is currently not registered as a broker or investment advisor. His employment history includes UBS Financial Services in San Juan, Puerto Rico; UBS Financial Services Incorporated of Puerto Rico in San Juan, Puerto Rico; Oriental Financial Services Corporation in San Juan, Puerto Rico; and PFS Investments in Duluth, Georgia. He currently holds zero state licenses and has passed four securities industry qualification examinations.

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