Alexis Crespo Subject of 18 Investor Disputes

Alexis Crespo (CRD #: 4971693), a broker registered with Oriental Financial Services, is the subject of her 18th investor dispute. This is according to her BrokerCheck record, accessed on January 19, 2024. Details are provided below. 

On October 27, 2023, an investor alleged that their account stopped paying dividends. The investor is seeking $50,000 for the unpaid dividends. 

Settled Investor Disputes from 2019

Three investor disputes from 2019 alleged Alexis Crespo engaged in misrepresentation, unsuitable recommendations, and negligence. These disputes were collectively settled for approximately $108,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Background Information 

Alexis Crespo has passed the following exams:

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

She is a registered broker and investment adviser in Puerto Rico. She is also a registered broker in Florida, Georgia, and Ohio. 

Kurta Law Can Help 

If you have worked with Alexis Crespo and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.