Advisor Alert: Our Attorneys Are Investigating Manuel Paredes For Investment Fraud
Did You Lose Money Because of Manuel (Manny) Paredes?
Filed: January 16, 2024
Manuel Paredes (also known as Manny Paredes and Tomas Paredes) currently has three (3) pending judgment/lien events. Overall, he has been the subject of one (1) regulatory event, two (2) customer complaints and three (3) judgment/lien events. 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 Manuel Paredes.
Who Is Manuel Paredes?
- Advisor Name: Manuel Paredes
- Aliases: Manny Paredes, Manuel Tomas Paredes, Tomas Paredes
- CRD: 4733530
- Location: Garden City, New York
- Current Employer: Currently Not Registered
- Previous Firms: First Standard Financial Company LLC, Worden Capital Management LLC, and Spartan Capital Securities, LLC
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Number of Known Judgment/Lien Events: 3
- Can Manuel Paredes Be Sued: Yes, in Private Arbitration
- Can Manuel Paredes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $462,431.58
- Highest Settlement: $229,113
If you have suffered investment losses by Manuel Paredes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Manuel (Manny) Paredes For Broker Misconduct
As of this publication date, Manuel Paredes has been the subject of 1 regulatory event, 2 customer disputes and 3 judgment/lien events. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to Manuel Paredes by a customer of Laidlaw & Company (UK) Ltd. alleging unsuitability, overconcentration and excessive commissions. Per the customer, he/she lost over $462,431.58 because of Mr. Paredes’s actions. On October 28, 2022, Mr. Paredes settled the claim for $229,113, and some or all of this amount may have been paid by Mr. Paredes’s employer and/or insurance carrier.
In June 2020, a FINRA arbitration was filed against or in reference to Manuel Paredes by a customer of Laidlaw & Company (UK) Ltd. alleging excessive use of margin and churning from 2015 to 2016. Per the customer, he/she lost over $50,000 because of Mr. Paredes’s actions.
In February 2017, FINRA initiated a regulatory action against or in reference to Manuel Paredes for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In March 2016, Manuel Paredes was the subject of a civil judgment or lien in the amount of $7,845.58. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2015, Manuel Paredes was the subject of a civil judgment or lien in the amount of $8,621. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2015, Manuel Paredes was the subject of a civil judgment or lien in the amount of $114,882.47. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against Manuel (Manny) Paredes (previously with First Standard Financial Company LLC, Worden Capital Management LLC, and Spartan Capital Securities, LLC) To Get Your Money Back
If you have questions about Manuel Paredes, First Standard Financial Company LLC, Worden Capital Management LLC, Spartan Capital Securities, LLC, 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.