Last Updated: February 2025 (San Juan, PR)
National securities fraud lawyers at Patil Law, P.C are investigating current Stonecrest Capital Markets broker Enrique Pascual Jr (CRD #2184412) regarding multiple customer complaints alleging unsuitable investment recommendations, unauthorized trading, and other sales practice violations. The investigation stems from a concerning pattern of customer disputes spanning his career, including pending complaints alleging losses in promissory notes and Puerto Rico bonds.
Critical Insights About San Juan Financial Advisor Enrique Pascual Jr
- Advisor Name: Enrique Pascual Jr
- CRD: 2184412
- Location: San Juan, PR
- Current Employer: Stonecrest Capital Markets, Inc.
- Classification: Registered Representative
- Primary Location: San Juan, Puerto Rico
- Can Enrique Pascual be sued in FINRA arbitration: Yes
- Customer Disputes: 18 disclosed complaints, multiple settled, 2 pending
- Current Registrations: Licensed in Florida and Puerto Rico
- Years of Experience: Since 1992
- Previous Employers: Herbert J. Sims & Co, Oriental Financial Services Corp, OFS Securities
- Professional Qualifications: Series 7, 63, 31 licenses
- Current Status: Active with Stonecrest Capital Markets
Details Of Current Investigation
Recent customer complaints filed in 2023-2024 allege:
- Unsuitable investment recommendations in promissory notes
- Excessive concentration in high-risk investments
- Unauthorized trading allegations
- Misrepresentation of investment risks
- Damages alleged exceeding $635,000
- Multiple customer complaints involving Puerto Rico bonds
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Investment suitability practices
- Risk disclosure procedures
- Trading authorization practices
- Customer account handling
- Supervision of investment recommendations
- Compliance with regulatory requirements
- Protection of client interests
Regulatory Framework And Investor Protection
SEC Regulation Best Interest
Reg BI requires:
- Thorough client risk assessment
- Full disclosure of investment risks
- Suitable investment recommendations
- Portfolio diversification considerations
- Regular account monitoring
- Documentation of recommendations
FINRA Rules And Their Significance
FINRA regulations mandate:
- High standards of commercial honor
- Ethical business practices
- Proper documentation
- Client authorization
- Accurate recordkeeping
- Risk disclosure compliance
Professional Background
Mr. Pascual’s career includes:
- Entry into securities industry in 1992
- History of employment at multiple firms
- Past terminations following customer complaints
- Pattern of customer disputes throughout career
- Experience with various investment products
- Recent focus on promissory notes and bonds
Red Flags For Investors
- Multiple pending customer complaints
- History of regulatory disclosures
- Prior employment separations
- Pattern of similar allegations
- High-risk investment recommendations
- Authorization concerns
- Documentation issues
- Risk disclosure questions
Implications For Current And Former Clients
Current and former clients should:
- Review all account documentation
- Verify investment authorizations
- Examine risk disclosures
- Monitor account activity
- Document communications
- Check trade confirmations
- Assess portfolio suitability
- Evaluate investment losses
- Consider professional review
- Understand their legal rights
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about investments recommended by Mr. Pascual or experienced losses in your accounts, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
