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Investor Names Felipe Arrieta In Dispute Alleging Misrepresentation

Mar 3, 2023 Misrepresentation

Felipe Arrieta (CRD #: 4142123), a broker registered with Moloney Securities Corporation, is involved in a pending dispute, according to his BrokerCheck record, accessed on February 21, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Disputes

According to allegations filed on January 23, 2023, an investor alleged that Felipe Arrieta engaged in misrepresentation and negligence.

On January 3, 2023, an investor named Felipe Arrieta in allegations involving an excessive degree of risk, misrepresentation, overconcentration, excessive commissions, and failure to conduct adequate due diligence. The client seeks $747,000 in damages in this pending dispute.

In a dispute filed on April 6, 2017, an investor alleged that Felipe Arrieta engaged in misuse of margin and negligence from 2015-2016, resulting in losses. The client sought $210,000 and received a settlement of $90,000.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent means of influencing investors’ decisions. Misrepresenting an investment’s requirements, potential returns, or other features violates this rule.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, risk tolerance, and tax status when making recommendations.

Investment strategies must also match investors’ goals. An example of a potentially unsuitable investment strategy is overconcentration, which comes with a level of risk beyond what is appropriate for many investors’ financial goals.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

What qualifies as broker negligence?

Many types of broker misconduct may qualify as negligence. Common examples include misrepresentations or omissions of fact, unsuitable investment recommendations, and unauthorized trading.

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

Background Information

Felipe Arrieta has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 79TO – Investment Banking Registered Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Felipe Arrieta is a registered broker in Florida.

He has also worked for the following firms:

  • San Blas Securities (CRD#:290605)
  • SW Financial (CRD#:145012)
  • Dakota Securities International (CRD#:132700)
  • Revere Wealth Management (CRD#:170560)
  • Revere Securities (CRD#:14178)
  • WestPark Capital (CRD#:39914)
  • Bolton Global Asset Management (CRD#:129376)
  • Bolton Global Capital (CRD#:15650)
  • Aroche Capital Management & Consulting (CRD#:154466)
  • Capital Guardian (CRD#:137919)
  • Jesup & Lamont Securities (CRD#:39056)
  • VFinance Investments (CRD#:44962)
  • Newbridge Securities (CRD#:104065)
  • AXA Advisors (CRD#:6627)
  • J.B. Oxford & Company (CRD#:14343)

Kurta Law Can Help

If you worked with Felipe Arrieta and you have concerns about your investments, please contact us today at 877-600-0098 or 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.