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Investor Names Carlos Carrillo in Dispute Involving Variable Annuity

Carlos Carrillo (CRD #: 2110748), a broker registered with LPL Financial, was involved in a recent dispute, according to his BrokerCheck record, accessed on August 14, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On May 17, 2022, an investor alleged that Carlos Carrillo persuaded him into investing in a variable annuity when he initially wanted a fixed annuity. The client alleged that his investment did not grow and lost almost $20,000. The client sought $55,250, the amount of the surrender charge of the annuity, but was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying a dispute. Investors can still pursue FINRA arbitration and potentially recover their funds following a denial.

Background Information

Carlos Carrillo has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Carlos Carrillo is a registered broker in 12 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

  • CUNA Brokerage Services (CRD#:13941)
  • Cetera Investment Advisers (CRD#:105644)
  • Cetera Investment Services (CRD#:15340)
  • Independent Financial Group (CRD#:7717)
  • Questar Capital Corporation (CRD#:43100)
  • Questar Asset Management (CRD#:133358)
  • USAllianz Securities (CRD#:40875)
  • Raymond James Financial Services (CRD#:6694)
  • Banc of America Investment Services (CRD#:16361)
  • BA Investment Services (CRD#:12965)
  • Linsco/Private Ledger Corporation (CRD#:6413)
  • Fimco Securities Group (CRD#:30343)
  • Great Western Financial Securities Corporation (CRD#:14229)
  • Pruco Securities (CRD#:5685)
  • The Prudential Insurance Company of America (CRD#:680)

Kurta Law Can Help

If you worked with Carlos Carrillo 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.