Lawsuit filed against Santander Securities to recover Puerto Rican Municipal Bonds investment losses

CHICAGO - Aug. 22, 2016 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Santander Securities, LLC, a financial services/brokerage firm doing business in Puerto Rico,  This claim seeks to recover losses between $25,000 and $40,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Puerto Rican investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Santander Securities unsuitably invested the clients in Puerto Rico Public Finance Corporation RFDG Commonwealth Appropriation Series A Bond.

"We believe there are many more investors who have suffered losses in Puerto Rico bonds who just don't realize they have recourse, or may be unaware of any wrongdoing," said D. Daxton White, managing partner of The White Law Group, a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

"Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim. We will continues to investigate the liability that Santander Securities may have for losses sustained by their clients."

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visithttp://www.whitesecuritieslaw.com.