Antonio Suarez-Borelli Faces Puerto Rico Regulatory Action over Alleged Securities Rule Violations

Antonio Suarez-Borelli Faces Puerto Rico Regulatory Action over Alleged Securities Rule Violations

Seriousness of Allegations Against Antonio Suarez-Borelli

Antonio Suarez-Borelli, a financial broker presently affiliated with Nationwide Planning Associates, is currently facing significant allegations from Puerto Rico regulatory authorities. These claims involve his purported failure to detect and take appropriate action concerning indicators signaling potential securities rule violations. This apparent oversight has, unfortunately, led to considerable harm for numerous investors. It’s important to remember that every investment carries a certain degree of risk, but when that risk is unnecessarily amplified due to negligence or misconduct, investors deserve to know.

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”—Philip Fisher. The truth is, when you place your trust and assets with a financial advisor, you don’t expect them to know the price alone but also to protect and value your investments. It hurts even more when, as allegedly evidenced in this case, it turns out to be quite the contrary—they not only neglected to value your investment but also possibly jeopardized it.

Just looking at 2018, data from Certified Financial Planner Board of Standards (CFP Board) shows that approximately 636 of its professionals were disciplined, including 37 public letters of admonition, 26 suspensions, and 51 revocations. This emphasizes the importance of regular monitoring of your financial advisor’s engagement and decisions on your behalf.

Background of Antonio Suarez-Borelli

Antonio Suarez-Borelli carries an impressive list of credentials, including the passage of numerous industry exams, including the Series 65 Uniform Investment Adviser Law Examination and the Series 7 General Securities Representative Examination, among others. These certifications attest to his legal qualifications to operate as a financial advisor.

He is registered as a broker in Florida, Ohio, and Puerto Rico. In Puerto Rico, he also holds registration as an investment adviser. Over his career, he has been associated with companies such as Nationwide Planning Associates, NPA Asset Management, Abramenko & Company, and Walnut Street Securities. Despite this experience and apparent qualification, the allegations raised cast a pallor over his capabilities and ethics as a financial advisor.

Understanding The Importance of FINRA Rule 3110

FINRA Rule 3110, which Antonio Suarez-Borelli has allegedly neglected, is uncomplicated in principle but vital in practice. It obliges firms to establish supervisory systems to ensure their adherence to securities laws. In essence, companies must appoint supervisors, who then receive comprehensive Written Supervisory Procedures (WSPs).

The alleged failure of Antonio Suarez-Borelli to uphold the principles of Rule 3110, in essence, represents an alleged neglect of the crucial role that supervision plays in safeguarding investors’ assets. Not only does it arguably go against the tenets of professional conduct, but it could also constitute a breach of the trust that investors place in him.

Consequences and Lessons

The allegations faced by Antonio Suarez-Borelli carry serious implications, both for him and his clients. However, they also offer a valuable learning opportunity, encouraging us all to be circumspect when engaging the services of financial advisors. Don’t hesitate to frequently review your relationship and the performance of your financial advisor.

Decisions about our finances and investment are too important to leave in the hands of those who may not have our best interests at heart. Although regulators try to maintain a clean industry, issues can slip through. Hence, the investor’s diligence in monitoring their financial advisor, like checking if he/she has any regulatory action coming up or past disciplinary history available on the FINRA’s broker check for Antonio Suarez-Borelli (CRD #: 5291042), can often be the final line of defense.

Know who you’re trusting with your future. As the saying goes, caveat emptor—buyer beware. Establishing a relationship with a financial advisor isn’t a one-time event: it’s an ongoing process that requires attention and vigilance. This due diligence will help ensure the sustainability of your investments and your confidence in the person managing them.

Disclaimer: The information herein is derived from public sources and is provided "as is" without warranty of any kind. Legal matters may have subsequent developments, and market values may fluctuate. While we strive for accuracy, we make no representations about the completeness or reliability of this information. Readers should independently verify all content and seek professional advice as needed.
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