National investment loss lawyers KlaymanToskes is investigating Rene Javier Castro (CRD# 2559410) following the filing of three customer complaints alleging $450,000 in collective investor damages due to unsuitable investment recommendations at Center Street Securities and Great Point Capital.
According to FINRA BrokerCheck, Rene Javier Castro is currently registered as an investment advisor with Retirement Wealth Management in Upland, CA, and as a broker with Great Point Capital in Chicago, IL. Two settled customer complaints against Castro alleged unsuitable recommendations in variable and fixed annuities, promissory notes, and alternative investments such as GWG L Bonds.
Investors that suffered losses with Rene Castro are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Rene Javier Castro has six customer complaints disclosed. Castro’s three most recent complaints are pending and allege $450,000 in collective investor damages due to unsuitable investment recommendations.
One pending customer complaint alleges $250,000 in damages to the customer’s Center Street Securities account due to Castro’s recommendation of unsuitable alternative investments. A second customer complaint filed against three representatives alleges $100,000 in damages due to Castro’s unsuitable recommendations as a representative of Great Point Capital. Finally, Castro’s third pending complaint alleges $100,000 in damages at Center Street Securities due to unsuitable investment recommendations.
GWG L Bond investors who suffered losses due to the misconduct and/or securities violations of their brokerage firm or broker/advisor should immediately contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is currently representing many GWG L Bondholders throughout the country in FINRA arbitration claims against the brokerage firms and financial advisors that recommended the unsuitable L Bonds, including:
– Center Street Securities
– Centaurus Financial
– Western International Securities
– Emerson Equity
– Coastal Equities
– Newbridge Securities
– Capital Investment Group
– American Trust Investment Services
– Moloney Securities
– IFP Securities
– Ni Advisors, and
– B.B. Graham & Company.
Unfortunately, some brokers/investment advisors may misrepresent the risks and liquidity problems associated with alternative investments, including Non-traded REITs, Business Development Companies (BDCs), Direct Participation Partnerships and Limited Partnerships (DPP & LP Interests), and Oil & Gas investments.
Brokerage firms and their registered brokers/investment advisors have a responsibility to disclose and fully explain these risks before recommending any alternative financial products to customers, as they are often high-risk, have limited liquidity, and carry high expenses and fees.
If your stockbroker or financial advisor recommended unsuitable alternative investments based on your investment profile or disregarded your risk-tolerance when making investment recommendations, you may be entitled to a financial recovery through FINRA arbitration.
Customers of Rene Javier Castro who suffered investment losses are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free and confidential consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com