DID JOSE MANUEL CANDELARIO PADILLA CAUSE YOU INVESTMENT LOSSES?

Jose Candelario Padilla Formerly With Nationwide Planning Associates Inc. Has 45 Customer Complaints For Alleged Broker Misconduct

Who is Jose Candelario Padilla formerly with Nationwide Planning Associates Inc.?

Jose Candelario Padilla (CRD #4847560)

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Jose Candelario Padilla Customer Complaints

Jose Candelario Padilla has been the subject of 43 customer complaints that we know about seeking to recover investment losses. Twenty-five of the customer complaints were settled by his former employer, Oriental Financial Services. The advisor’s’ former employers also denied 5 customer complaints and the investors took no further action. There are currently 15 customer complaints filed against Nationwide Planning Associates or Oriental Financial Services.

Allegations Against Jose Candelario Padilla

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

• Misrepresentations, breach of fiduciary duty, breach of contract, unsuitable investment recommendations related to Puerto Rico mutual funds.
• Unsuitable investment recommendations to invest in Puerto Rico closed-end funds.
• Misrepresentation of Puerto Rico closed-end funds in safe investments.
• Mismanagement of customer account.
• Unauthorized trading.
• Failure to act in customer’s best interest.
• Constructive fraud.
• Unsuitable recommendation of option transactions.
• Misrepresentations related to Puerto Rico Bonds.
• Overconcentration of Puerto Rico closed-end funds and municipal bonds and customer’s account.

Jose Candelario Padilla Red Flags & Your Rights As An Investor

Of course, Jose Candelario Padilla did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jose Candelario Padilla at Nationwide Planning Associates Inc. on alert to review carefully the activity and performance of their accounts and question whether Jose Candelario Padilla has engaged in any stockbroker misconduct that may have caused them investment los