Advisor Alert: Our Attorneys Are Investigating Felipe Henao Vargas For Investment Fraud
Did You Lose Money Because of Felipe Vargas?
Filed: January 30, 2024
Felipe Vargas (also known as Felipe Henao and Felipe Henos) has been the subject of one (1) regulatory event and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Felipe Henao Vargas.
Who Is Felipe Henao Vargas?
- Advisor Name: Felipe Henao Vargas
- Aliases: Felipe Henao, Felipe Henos
- CRD: 5140431
- Location: Miami, Florida
- Current Employer: Currently Not Registered
- Previous Firms: Insigneo Securities, LLC, Bolton Global Capital, Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Can Felipe Vargas Be Sued: Yes, in Private Arbitration
- Can Felipe Vargas’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,300,000
- Highest Settlement: $1,075,000
If you have suffered investment losses by Felipe Vargas, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Felipe Vargas For Broker Misconduct
As of this publication date, Felipe Vargas has been the subject of 1 regulatory event and 1 customer dispute. Let’s review them below.
In December 2023, FINRA initiated a regulatory action against or in reference to Felipe Vargas for exercising discretion without written authorization in a customer’s account.
In September 2020, a FINRA arbitration was filed against or in reference to Felipe Vargas by a customer of Insigneo Securities, LLC alleging that Mr. Vargas placed a short trade for 20,000 (BARCLAYS BK VIX SHORT TERM FUTURES ETN )(“Barclays”) for The account of Zaphiro Investments (“Zaphiro” ) and on March 17th he placed a subsequent trade to cover the short. On August 19th, 2020 the Firm was notified by Henao that his client, Zaphiro, had sent an email stating some concerns regarding the management and overall performance of his brokerage account. He stated that he was underwhelmed by the fluctuations and volatility in his account which had resulted in a substantial account value depreciation and by the lack of communication from Mr. Henao. Per the customer, he lost over $1,300,000 because of Mr. Vargas’s actions. On December 14, 2021, Mr. Vargas settled the claim for $1,075,000, and some or all of this amount may have been paid by Mr. Vargas’s employer and/or insurance carrier.
How To File A Claim Against Felipe Vargas (previously with Insigneo Securities, LLC, Bolton Global Capital, Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back
If you have questions about Felipe Vargas, Insigneo Securities, LLC, Bolton Global Capital, Merrill Lynch, Pierce, Fenner & Smith Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.