ORIENTAL FINANCIAL SERVICES LLC of SAN JUAN, PR is an SEC-registered investment adviser (CRD 29753). Regulatory assets under management: $419.6M.
Compensation: % of AUM.
Clients served: Other.
| Name | Role | Location |
|---|---|---|
| Jose Rafael Fernandez Martinez | OPTIONS PRINCIPAL, AND DIRECTOR | — |
| Ganesh Kumar | DIRECTOR | — |
| Carlos O. Esq. Souffront | DIRECTOR | — |
| Glenda L. Munoz Galarza | FINANCIAL AND OPERATIONS MANAGER | — |
| Alejandro Miguel Pascual Navarro | PRESIDENT & SALES MANAGER | — |
| Mariela Torres | CHIEF COMPLIANCE OFFICER | — |
| SUAREZ ANA ROSA | CHIEF COMPLIANCE OFFICER | — |
| FERNANDEZ MARTINEZ JOSE RAFAEL | OPTIONS PRINCIPAL, AND DIRECTOR; OPTIONS PRINCIPAL, MUNICIPAL PRINCIPAL AND DIRECTOR | — |
| MILES BARBOSA SEAN WARREN | PRESIDENT | — |
| KUMAR GANESH | DIRECTOR | — |
| SOUFFRONT CARLOS O ESQ | DIRECTOR | — |
| MARBARAK SONIA EMILIA | CHIEF COMPLIANCE OFFICER; COMPLIANCE MANAGER | — |
| MUNOZ GALARZA GLENDA L | FINANCIAL AND OPERATIONS MANAGER; OPERATIONS MANAGER | — |
| TORRES MARIELA | CHIEF COMPLIANCE OFFICER | — |
| PASCUAL NAVARRO ALEJANDRO MIGUEL | CHIEF COMPLIANCE OFFICER; PRESIDENT & SALES MANAGER | — |
| Ramon Arturo Rosado | DIRECTOR | — |
| Mari Evelyn Rodriguez Mimoso | DIRECTOR | — |
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2018-10-30 | regulatory | ORIENTAL FINANCIAL SERVICES (OFS) ACCEPTED AND CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS; THAT IN TWO ARBITRATION SETTLEMENTS IN AUGUST AND SEPTEMBER 2015, OFS INCLUDED LANGUAGE CONDITIONING ON THESE CUSTOMER AGREEMENTS TO CONSENT TO, AND NOT TO OPPOSE EXPUNGEMENT OF THEIR CLAIMS FROM THE… | Final | $20K |
| 2016-05-18 | regulatory | DURING THE PERIOD FROM JULY 1, 2013 THROUGH SEPTEMBER 30, 2013, THE FIRM PURCHASED/SOLD MUNICIPAL SECURITIES FOR 5 CUSTOMERS ACCOUNTS AT AN AGGREGATE PRICE (INCLUDING ANY MARK-DOWN OR MARK-UP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTO CONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BEST JUDGME… | Final | $60K |
| 2015-05-21 | regulatory | IN 2012 AND 2013, WHILE OPERATING AS BBVA SECURITIES OF PUERTO RICO, INC., OFS SECURITIES, INC. ("OFS SECURITIES") FAILED TO PRODUCE CERTAIN DOCUMENTS AND INFORMATION PRIOR TO THE START OF A FINRA ARBITRATION HEARING AS ORDERED BY THE ARBITRATION PANEL AND INACCURATELY REPRESENTED TO THE CLAIMANT TH… | Final | $50K |
| 2014-11-21 | regulatory | FROM 2000 TO AUGUST 5, 2013, ORIENTAL FAILED TO DISCLOSE THE MARKUPS AND MARKDOWNS CHARGED ON APPROXIMATELY 2,800 RISKLESS PRINCIPAL TRANSACTIONS IN PUERTO RICO CLOSED-END FUNDS ("PR CEFS"). IN ADDITION, ORIENTAL FAILED TO ESTABLISH MAINTAIN A SUPERVISORY SYSTEM REASONABLE DESIGNED TO ACHIEVE COMPLI… | Final | $245K |
| 2012-03-19 | regulatory | ORIENTAL ACCEPTED AND CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS, THAT THEY DID NOT FILE CUSTOMER COMPLAINTS STATISTICAL INFORMATION IN A TIMELY MANNER, IN VIOLATION OF NASD CONDUCTS RULE 3070(C) AND 2110 AND FINRA RULE 2010. FURTHERMORE, ORIENTAL DID NOT DISCLOSE CERTAIN REPORTABLE EVENTS… | Final | $15K |