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Alfonso Anguiano is the Subject of a Suitabiltiy Dispute

Alfonso Anguiano (CRD #: 6244015), a broker registered with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on June 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 3, 2024, an investor alleged that Alfonso Anguiano failed to disclose that an investment purchased in March 2014 was illiquid. The dispute was denied, but investors should know that brokers can deny disputes without any external review. 

FINRA Rule 2111 – Unsuitable, Illiquid Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

Background Information 

Alfonso Anguiano has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in five states and Puerto Rico and is a registered investment adviser in Illinois. 

During his ten years of experience, Alfonso Anguiano registered with two firms: LPL Financial (CRD #: 6413) and Essex National Securities (CRD #: 25454). 

Kurta Law Can Help 

If you have worked with Alfonso Anguiano and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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