Investor Seeks Six-Figure Damages in Dispute with Enrique Pascual-Imbert

Enrique Pascual-Imbert (CRD #: 2184412), a broker registered with Stonecrest Capital Markets, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on June 20, 2023. Read on to learn more about his alleged conduct as a broker.

Investor Disputes

On April 26, 2023, an investor alleged that Enrique Pascual-Imbert allegedly gave poor advice to sell his Puerto Rican bond investments to cover margin calls in September, October, November, and December 2013 and in January and February 2014. The client seeks $425,708.35 in this pending dispute.

In a dispute filed on September 5, 2018, an investor named Enrique Pascual-Imbert in allegations of the following forms of misconduct with regard to Puerto Rican bonds, open-end funds, and closed-end funds:

• Fraud
• Violations of securities laws
• Overconcentration, breach of the obligation for good faith and fair dealings, and other violations of the suitability rule
• Failure to supervise
• Breach of contract
• Gross and wanton negligence

The client sought $3,881,246.25 in damages and received a settlement of $250,000

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe investors’ age, risk tolerance, and other characteristics.

Brokers must also consider suitability when recommending investment strategies. Overconcentration, for example, can expose an investor to an excessive degree of risk.

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

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3110

Failure to supervise violates FINRA Rule 3110, which requires that firms establish supervisory systems to ensure their compliance with securities regulations. Among other things, firms must appoint supervisors and ensure that they have adequate training or experience.

What is broker negligence?

Brokers may act in many negligent ways. Common examples include unsuitable investment recommendations, misrepresentations or omissions of fact, and failure to supervise other brokers.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Enrique Pascual-Imbert has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination

Enrique Pascual-Imbert is a registered broker in Florida and Puerto Rico.

He has also worked for the following firms:

• Herbert J. Sims & Company (CRD#:3420)
• Oriental Financial Services Corporation (CRD#:29753)
• OFS Securities (CRD#:39615)
• Samuel A Ramirez & Company (CRD#:6963)
• Santander Securities (CRD#:41791)
• Doral Securities (CRD#:40944)
• Barnett Investments (CRD#:14897)
• Dean Witter Reynolds (CRD#:7556)
• PaineWebber (CRD#:8174)
• Chatfield Dean & Company (CRD#:14714)

Kurta Law Can Help

If you worked with Enrique Pascual-Imbert and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.