Patricia Holder: Bond Complaint Against Insigneo Advisor

Miami financial advisor Patricia Holder (CRD# 2894768) recently received an investor complaint alleging that her advice resulted in damages. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with Insigneo Securities and Insigneo Advisory Services, respectively, doing business Phoenix Private Client Group.

Ms. Holder’s BrokerCheck report discloses one recent investor complaint. Filed in June 2025, it alleges that as a representative of Morgan Stanley Smith Barney, she recommended unsuitable corporate bond investments and violated Regulation Best Interest in connection with a securities-backed line of credit strategy between 2014 and 2024. The pending complaint alleges unspecified damages.

FINRA rules establish numerous standards that stockbrokers like Ms. Holder must follow. One important piece of guidance is the suitability rule, which states that stockbrokers must “have a reasonable basis to believe” that the investments and/or investment strategies they recommend to their clients are appropriate for the client’s background and needs—that is, that the recommendations are suitable. As described by FINRA Rule 2111, brokers ascertain an investment’s suitability based on “information obtained through reasonable diligence of the firm or associated person to ascertain the customer’s investment profile.” The customer’s investment profile includes their age, net worth, risk tolerance, income, and more. Brokers who recommend unsuitable transactions may be liable to their clients in the event of losses.

A press released published by Insigneo Securities in 2024 describes the firm’s hiring of Ms. Holder. As it explains, she brought “expertise and culturally fluency in Latin American markets” and focused on providing tailored wealth management to her clients. “We are thrilled to embark on this new chapter with Insigneo,” she said in a statement. “Together, we aim to navigate the complexities of wealth management, foster lasting client relationships, and capitalize on opportunities in the dynamic international financial services industry.”

According to the Financial Industry Regulatory Authority, Patricia Holder holds 27 years of securities industry experience. Based in Miami, Florida, she has been registered as a broker and an investment advisor with Insigneo Securities and Insigneo Advisory Services since 2024, doing business Phoenix Private Client Group. Her past registrations include Morgan Stanley, Citigroup Global Markets, Merrill Lynch, and Citicorp Investment Services. Her credentials include the passage of four securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. She is licensed in Delaware, the District of Columbia, Florida, Georgia, Illinois, Minnesota, New Jersey, New York, Texas, and Wyoming. (Information current as of August 10, 2025.)

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