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Arturo Bravo Allegedly Failed to Fully Inform Investor

Arturo Bravo (CRD #: 6034780), a broker registered with UBS Financial Services, allegedly failed to properly inform a client, according to his BrokerCheck record, accessed on March 21, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On January 31, 2023, an investor alleged that Arturo Bravo did not fully inform him about an investment between July 7, 2021, and May 2, 2022. The client further alleged that this investment was unsuitable. This dispute was denied by the firm.

However, investors should know that firms don’t need to permit an external review before denying disputes. Investors may be able to recoup their losses by seeking out FINRA arbitration following a denial.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which describes their age, tax status, risk tolerance, and other characteristics.

Investors who rely on brokers for investment recommendations can potentially recoup their losses by pursuing FINRA arbitration.

Background Information

Arturo Bravo has passed the following exams:

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

Arturo Bravo is a registered broker in Florida and New York. He is also a registered investment adviser in New York.

Kurta Law Can Help

If you worked with Arturo Bravo and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.