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Investor Alleges Claudio Neto Misled Him

Feb 3, 2023 Misrepresentation

Claudio Neto (CRD #: 5752180), a broker registered with MML Investors Services, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on January 26, 2023. Read on to learn more about his alleged conduct as a broker.

Investor Disputes

On November 14, 2022, an investor alleged that Claudio Neto misled him, gave advice and recommendations that led to losses and expenses, and that a recommended investment strategy failed. This dispute is currently pending.

In a dispute filed on January 15, 2020, an investor alleged that Claudio Neto misled him with regard to the premium required by a non-variable life insurance policy, the funds for which were supplied from the client’s investment account. This dispute was settled for $79,708.46.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential requirements, risks, or limitations.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe information about investors’ age, tax status, and investment goals.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Claudio Neto 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

Claudio Neto is a registered broker in 21 states and Puerto Rico. He is also a registered investment adviser in Florida and Texas.

He previously worked for Northwestern Mutual Investment Services (CRD#:2881).

Kurta Law Can Help

If you worked with Claudio Neto 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.