Pacific Financial hurt by ongoing scandal

THE SCANDAL surrounding Pacific Financial (FP), brokerage has had negative effects on the brokerage says its president, West Valdes.

"They have destroyed a company and the lives of many people in the office," said Valdes  on Friday, January 25."Why? Because someone robbed us." Valdes returned to his theme that there was no wrongdoing "What we do have is a bad attitude by the Stock Market superintendent Abood Alejandro Alfaro]".
Valdés filed a complaint against Alfaro Abood on January 9.
On Friday, January 25 he extended the complaint with the Public Ministry. Meanwhile, Abilio Batista, Alfaro Abood’s attorney, said Friday that it has been shown that the lawsuit "is a strategy" of FP managers.
The strategy seeks to frighten the public servant leading the investigation into the irregularities in the brokerage Batista told local media.
The purpose of the lawsuit, he called unfounded – is intended to get the superintendent to discontinue the investigations.
Batista said his client has never violated the Constitution or the law.The research that has been conducted by the superintendent is backed by the securities law, he said. "The actions he has taken are legal."