Customer Seeking $200,000 in Damages From Broker Jose Candelario Padilla

Jose Candelario PadillaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 30, 2016 indicate that Puerto Rico-based Nationwide Planning Associates broker/adviser Jose Candelario Padilla has been the subject of resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Candelario Padilla (CRD# 4847560).

Jose Candelario Padilla has spent twelve years in the securities industry and has been registered with Nationwide Planning Associates in San Juan, Puerto Rico since September 2016. Previous registrations include Oriental Financial Services in Ponce, Puerto Rico; Samuel Ramirez & Company in Hato Rey, Puerto Rico; and R-G Investments in San Juan, Puerto Rico. He is a registered broker and investment adviser with Michigan, New York and Puerto Rico.

According to his BrokerCheck report, Jose Candelario Padilla has received one customer complaint and six pending customer complaints.

In 2016 a customer alleged Jose Candelario Padilla, while employed at Oriental Financial Services, invested in an over-concentration of Puerto Rican securities, including leveraged Puerto Rican closed end funds. The customer is seeking $200,000 in damages in the pending complaint.

In 2015 a customer alleged Jose Candelario Padilla, while employed at Oriental Financial Services, misrepresented and omitted material facts, breached his fiduciary duty, made unsuiatble investment recommendations, failed to supervise, committed fraud, and acted negligently. The customer is seeking $100,000 in damages in the pending complaint.

In 2015 a customer alleged he, while employed at Oriental Financial Services, over-concentrated the account. The customer is seeking $100,000 in damages in the pending complaint.

In 2015 a customer alleged he, while employed at Oriental Financial Services, changed and/or canceled an investment without his consent. The complaint settled for $8,000.

If you have complaints regarding Jose Candelario Padilla, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.