Felipe Arrieta: Ex-SW Financial Advisor Receives $747K Complaint

A recent investor complaint against Manchester, Missouri financial advisor Felipe Arrieta (CRD# 4142123) alleges that he provided misleading information and charged excessive commissions. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker with Moloney Securities, having previously been registered with SW Financial.

Mr. Arrieta’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in November 2022, alleges that as a representative of SW Financial, he over-concentrated investments in the customer’s account, recommended an excessively risky private placement investment, conducted inadequate due diligence, made misrepresentations of material facts, and generated excessive commissions. The pending complaint alleges damages of $747,000.

A second investor complaint, filed in 2017, alleged that as a representative of Revere Securities, he breached his fiduciary duty, engaged in unauthorized trading, misused margin, breached contract, and acted negligently. In 2018 the complaint reached a settlement of $90,000.

A third investor complaint, filed in 2006, alleged that as a representative of Newbridge Securities Corporation, he recommended unsuitable investments, executed unauthorized transactions, breached his fiduciary duty, and improperly used margin. In 2007 the complaint reached a settlement of $60,000.

According to the Financial Industry Regulatory Authority, Felipe Arrieta holds 19 years of securities industry experience. Based in Manchester, Missouri, he has been a broker with Moloney Securities since December 2022. His registration history includes San Blas Securities (Atlanta, Georgia; 2022), SW Financial (Melville, New York; 2018-2022), Dakota Securities International (Miami, Florida; 2016-2018), Revere Securities (Boca Raton, Florida; 2014-2016), Westpark Capital (Boca Raton, Florida; 2014), Bolton Global Capital (Miami, Florida; 2013-2014), Aroche Capital Management & Consulting, Capital Guardian, Jesup & Lamont, VFinance Investments, Dakota Securities International, Newbridge Securities Corporation, AXA Advisors, and JB Oxford & Company. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed as a broker in Florida. (Information current as of January 14, 2023.)

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