Investors Receive Settlements Totaling Over $12 Million in Disputes with Dario Suarez

Dario Suarez: (CRD #:1143417), a registered broker and investment advisor with UBS Financial Services, is involved in his 44th investor dispute, according to his BrokerCheck record, accessed on July 30, 2025. Keep reading for more details.

Puerto Rico Securities

Puerto Rico’s financial woes have been well-documented. The U.S. territory has a national debt of $74 billion, and because it is not a U.S. state, Puerto Rico cannot file bankruptcy. Investors should be aware that there are significant risks associated with investing in any financial products based in Puerto Rico.

Investor Allegations

From 2015 to 2019, investors filed 42 disputes naming Dario Suarez in allegations involving Puerto Rico closed-end funds and/or municipal bonds. These allegations included unsuitable investment recommendations, misrepresentation, and overconcentration.

Disputes settled during this period yielded a collective $12,013,000 for investors.

Two pending disputes, filed on April 24, 2024, and April 29, 2025, respectively, make similar allegations and seek a total of $1.9 million in damages.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes information about their risk tolerance, financial goals, and age. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

• Investments can be unsuitable because they are high risk and likely to lose money.
• Securities may also be unsuitable because they are illiquid, meaning they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
• Securities can be quantitatively unsuitable, which means that brokers executed an excessive number of trades.
• These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are overconcentrated in a particular stock or sector.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. Misrepresenting an investment’s limitations, requirements, risks, or other features violates this rule.

Background Information

Dario Suarez has passed the following exams:

• General Securities Sales Supervisor – Options Module Examination – Series 9
• General Securities Sales Supervisor – General Module Examination – Series 10
• General Securities Sales Supervisor Examination (Options Module & General Module) – Series 8
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66
• Uniform Securities Agent State Law Examination – Series 63

Dario Suarez is a registered broker in 8 states and Puerto Rico. He is also an investment advisor in Puerto Rico and Florida. 

Besides UBS Financial Services, Dario Suarez has also worked with: 

• UBS Financial Services Incorporated of Puerto Rico (CRD#:13042)
• Citigroup Global Markets (CRD#:7059)
• Lehman Brothers (CRD#:7506)
• Dean Witter Reynolds (CRD#:7556)
• Drexel Burnham Lambert Incorporated (CRD#:7323)  
• Becker Paribas Incorporated (CRD#:7635)

Kurta Law Can Help

If you suffered losses after working with Dario Suarez, don’t hesitate to contact us today 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 and 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.