Hugo Mantilla Allegedly Misrepresented the Transfer of a Trust

Hugo Mantilla (CRD #: 2197853), a broker registered with Morgan Stanley, is facing an investor dispute. This is according to his BrokerCheck record, accessed on February 22, 2024. Keep reading if you have questions concerning his alleged conduct. 

Allegations of Misrepresentation

On December 1, 2023, an investor alleged that Hugo Mantilla misrepresented the transfer of interest in a family trust. The investor is seeking $20,000,000. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts could include risks or tax implications. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

Hugo Mantilla 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 
• Series 3 National Commodity Futures Examination 

He is a registered broker in 26 states, D.C., and Puerto Rico. He is also a registered investment adviser in Florida and Texas. 

Hugo Mantilla has registered with the following firms:

• Morgan Stanley (CRD #: 149777) 
• Morgan Stanley & Co. (CRD #: 8209) 
• Lehman Brothers (CRD #: 7506) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you have worked with Hugo Mantilla and 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.