FINRA has brought a regulatory action against Dennis Herrera of Aegis Capital in Miami, Florida, alleging that he violated Regulation Best Interest (Reg BI) by excessively trading or churning two customers’ accounts.  If you lost money investing with Herrera, you may have legal options to recover your losses. The securities arbitration law firm of Israels & Neuman is reviewing a FINRA action involving Dennis Herrera, a former representative of Aegis Capital.

As evidence of the excessive trading, FINRA alleged that the two accounts had cost-to-equity ratios of 25% and 28% respectively.   This means that the accounts had to earn profits of 25% and 28% just to break even from the costs of trading, making it very difficult, if not impossible, for the investor to realize any gains.

Background on Dennis Herrera

Dennis Herrera had been a representative of Aegis Capital between March 2016 and October 2023.  He worked at a Miami, Florida and a New York City office.  He also operated companies called Nuday Capital and Nuday Assets.  Herrera was also the subject of a customer complaint made in 2020, which settled for $56,817.

What If I Have Investment Losses?

Florida investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

Dennis Herrera may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Aegis Capital may also bear responsibility if they failed to properly supervise Herrera or ignored warning signs.

We Represent Investors in Miami and Across Florida

At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout Florida. Our attorneys have extensive experience handling claims involving Aegis Capital.

Find Herrera’s FINRA AWC here

Find Herrera’s BrokerCheck report here

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Dennis Herrera, contact us for a free case evaluation. Our attorneys are here to help you understand your rights and determine whether a claim through FINRA arbitration is right for you.

(720) 599-3505 or (206) 795-5798

BrokerCheck, a website maintained by FINRA, has disclosed that financial advisor Robert Alegria and Morgan Stanley are the subject of a customer complaint that was filed in June 2025.  The customer alleged that Alegria made unsuitable investment recommendations and violated Regulation Best Interest (Reg BI) with respect to a securities-backed line of credit.  The alleged conduct occurred between 2014 and 2024 and allegedly involved corporate debt or bonds.

Who is Robert Alegria?

Robert Alegria has been a registered representative of Morgan Stanley since January 2015 and works in a Miami, Florida office.  He also previously worked with RBC Capital Markets.

Can Morgan Stanley be Held Liable for Losses?

Under FINRA Rule 3110, Morgan Stanley must reasonably supervise the activities of its registered representatives.  Morgan Stanley is also required to comply with Rule 2111, providing that investment recommendations are suitable for its customers.  Violations of these rules could lead to liability for a broker-dealer.

We Represent Investors in Florida

Our securities arbitration law firm represents investors throughout the country, including in Florida and the Miami area.  Attorney David Neuman is licensed to practice law in Florida.  If you were a client of Robert Alegria and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View his BrokerCheck Report

Contact Us for a Free Case Evaluation

We always offer Free Consultations. If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you.

Call us today at (720) 599-3505 or (206) 795-5798

FINRA, the Financial Industry Regulatory Authority, runs a database called BrokerCheck, which shows disciplinary and complaint histories of financial advisors.  BrokerCheck show that Marco Oreamuno has been the subject of two customer complaints made in late 2024.  Both complaints allege that Oreamuno made unauthorized trades, which caused significant financial losses.  Neither complaint was filed in FINRA arbitration, but both complaints were still unresolved as of June 2025. 

Marco Oreamuno’s Background

Marco Oreamuno has been an advisor with Bolton Global Capital since January 2019.  Oreamuno was also previously affiliated with Morgan Stanley and Merrill Lynch.  He has worked in a Miami, Florida office on Brickell Avenue.  In addition to the two customer complaints mentioned above, Oreamuno was also the subject of a complaint made in 2016, which settled for $35,000.

Bolton Global Capital’s Potential Responsibility

FINRA provides numerous rules and regulations governing the securities brokerage industry.  Generally, financial advisors must get permission from a customer to make each and every trade in an account.  However, this does not apply where the financial advisor has written permission, or discretion, to make trades in a customer account without specific approval to do so. 

In addition, a brokerage firm must sufficiently monitor the conduct of its financial advisors like Marco Oreamuno.  The firm can be responsible for investor losses if it failed to adequately supervise the broker’s conduct.  We regularly represent investors in FINRA arbitration who have been wronged by their financial advisors and stock brokers.

How We Can Help You Recover Money

Our firm has recovered millions of dollars for wronged investors across the country. We have brought claims against a wide range of brokerage firms.

We offer free case evaluations, and if we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you.

Contact Us for a Free Consultation

If you lost money investing with Marco Oreamuno or Bolton Global Capital, give us a call.

(720) 599-3505 or (206) 795-5798
Visit our website to learn more and schedule your free consultation.

MIAMI, FLORIDA Are you a current or former customer of advisor Raul Benitez, who previously worked with Suntrust Investment Services in Miami, Florida? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by former customers against Raul Jorge Benitez.

According to FINRA’s BrokerCheck, he has been the subject of six customer complaints, five of which have been made within the last five years. A 2021 complaint alleges losses in a guaranteed investment contract (or GIC) issued by Northstar Bermuda. A 2023 complaint also alleges losses in the GIC recommended by Benitez, and a 2024 complaint alleges losses in annuities.

Suntrust Investment Services is a FINRA member firm and has obligations to perform due diligence on any products that it sells. If the investment was not properly vetted and caused investor losses, Suntrust Investment Services could be liable for customer losses.

Israels & Neuman represents investors throughout the country, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. We have sued numerous firms in the past, including Suntrust Investment Services (now Truist Investment Services).

BrokerCheck report can be found HERE

If you lost money with Raul Benitez, Northstar Bermuda, GICs, or Suntrust Investment Services, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

Have you lost money with financial advisor Lina Garcia of Miami, Florida? We are looking into allegations made by the Securities and Exchange Commission (SEC) against Lina Maria Garcia. The SEC alleged that Garcia and her firm, UCB Financial Advisors, allocated profitable trades to themselves while allocating unprofitable trades to clients. Ramiro Sugranes was also named in the complaint. Sugranes and Garcia were alleged to have operated UCB Financial Advisors and were alleged to have engaged in “cherry picking”.

Lina Garcia was a financial advisor and registered representative of Insigneo Securities from 2010 to September 2021. She worked at a branch office in Miami, Florida.

Brokerage firms like Insigneo Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View L. Garcia BrokerCheck Report View R. Sugranes BrokerCheck Report

If you lost money with Lina Garcia or Insigneo Securities, please Contact Us at 720-599-3505 for a free evaluation of your case.

Kevin Dooley has been with AXA Advisors (now Equitable Advisors) from 1995 to the present. He has worked at branch offices in Miami, Florida. Dooley was also the subject of another customer complaint regarding REITs that settled for $690,000.

Brokerage firms like AXA Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against AXA Advisors.

View K Dooley BrokerCheck Report

If you lost money with Kevin Dooley or AXA Advisors, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Alberto Valdes was with Raymond James Financial from July 2016 to January 2018. He has been with Citigroup from January 2018 to the present. He has worked at branch offices in Miami, Florida.

Brokerage firms like Raymond James Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Raymond James Financial.

View A. Valdes BrokerCheck Report

If you lost money with Alberto Valdes or Raymond James Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.