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Daniel Aruca Facing an Alternative Investment Dispute

Daniel Aruca (CRD #: 3001777), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 17, 2024. Details concerning this disclosure appear below. 

Investor Allegations 

On August 8, 2024, an investor alleged that Daniel Aruca recommended alternative investments that were not in his best interest. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Daniel Aruca has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Representative Examination 

He is a registered broker in 14 states and is a registered investment adviser in Florida and Texas. 

Daniel Aruca has registered with two firms: Morgan Stanley (CRD #: 149777) and Sagepoint Financial (CRD #: 133763). 

Kurta Law Can Help 

If you worked with Daniel Aruca and you 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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