Investor Alleges Ernesto Chavez Gave Unsuitable Investment Recommendations
Ernesto Chavez (CRD #: 4315877), a broker registered with Emerson Equity, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on November 28, 2022. Read on if you have questions about his conduct as a broker.
On October 17, 2022, an investor filed a dispute alleging Ernesto Chavez violated securities statutes and breached his contract. The client also made undisclosed claims under common law. The investor seeks $100,000 in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. These profiles describe an investor’s age, risk tolerance, and other characteristics.
Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.
FINRA Rule 2020
FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent tactics to influence investors’ decisions. Misrepresenting an investment’s features, risks, or other relevant information violates this rule.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Ernesto Chavez has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Ernesto Chavez is a registered broker in Arizona, California, and New Mexico. He is also a registered investment adviser in Arizona.
He has also worked for the following firms:
- Western International Securities (CRD#:39262)
- J P Turner & Company Capital Management (CRD#:124446)
- J.P. Turner & Company (CRD#:43177)
- United Planners’ Financial Services of America (CRD#:20804)
- Edward Jones (CRD#:250)
Kurta Law Can Help
If you worked with Ernesto Chavez and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.