Alexandre Maltez (CRD #6506116) Has Customer Dispute Disclosures on FINRA BrokerCheck

Alexandre Maltez (CRD #6506116) has been the subject of disclosure events, which have recently been reported on his FINRA BrokerCheck Report. According to Alexandre Maltez’s FINRA BrokerCheck report accessed on January 19, 2026, Alexandre Maltez has been the subject of four customer disputes. If you invested with Alexandre Maltez and you have concerns about his activity, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Alexandre Maltez FINRA BrokerCheck report reflects four customer dispute disclosures. A summary of two disputes is below:

On November 20, 2025, a customer alleged that Alexandre Maltez engaged in breach of contract, breach of fiduciary duty, failure to supervise, negligence, misrepresentation, violations of federal securities laws, and a violation of Reg BI. The product type listed on the disclosure is Other: Alternatives – GWG. The customer is seeking $651,709.00 in alleged damages. The matter is pending under FINRA case number 25-02563.

On February 4, 2025, a customer alleged that Alexandre Maltez engaged in breach of fiduciary duty, negligence, and a violation of Reg BI. The product type listed on the disclosure is Other: Alternatives – GWG. The customer sought $50,000.00 in alleged damages. The matter was settled on December 16, 2025 for $27,500.00 under FINRA case number 25-00135.

BrokerCheck reflects two additional customer dispute disclosures.

Rule summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) requires brokers and firms to have a reasonable basis to believe a recommended transaction or investment strategy is suitable for the customer based on the customer’s investment profile and the facts of the recommendation.

Rule summary #2: FINRA Rule 2010

FINRA Rule 2010 is a broad, principles-based rule requiring members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. FINRA frequently cites Rule 2010 in matters involving unethical conduct.

Why this Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation– Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation– Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation– Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation– Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his BrokerCheck Report, Alexandre Maltez:

Is currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Has passed the Securities Industry Essentials (SIE), Series 7, Series 24, and Series 66 exams.

Was previously registered with firms that include Newbridge Securities Corporation, Newbridge Financial Services Group, Inc., and USA Financial Securities Corporation.

Kurta Law Can Help

If you have worked with Alexandre Maltez and you have concerns about his activity, Kurta Law may be able to help you evaluate your options. Depending on the facts of your situation, you may be entitled to pursue a claim through FINRA arbitration. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

Helpful resources: Unsuitable Investments | Stockbroker Fraud

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