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Benjamin Zamora Allegedly Failed to Fully Inform Client

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
March 3, 2023 at 10:38pm

Benjamin Zamora (CRD #: 5373861), a broker registered with Cetera Advisors, allegedly failed to fully disclose insurance information to a client, according to his BrokerCheck record, accessed on February 22, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On December 30, 2022, an investor alleged that Benjamin Zamora failed to disclose a variable used by the insurance carrier to calculate the rate of the annual living benefit rider. The client alleged that this misconduct occurred between October 8, 2010, and September 21, 2020. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and may be able to recoup their losses.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other fraudulent methods of influencing investors’ decisions. Misrepresenting an investment’s fees, requirements, and other features violates this rule.

Background Information

Benjamin Zamora has passed the following exams:

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

Benjamin Zamora is a registered broker in ten states and a registered investment adviser in Arizona and Texas.

He has also worked for Wells Fargo Clearing Services (CRD#:19616) and Wells Fargo Investments (CRD#:10582).

Kurta Law Can Help

If you worked with Benjamin Zamora and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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. 

 

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