Francisco Escalera Allegedly Recommended Unsuitable Investments

Francisco Escalera (CRD #: 6242161), a broker registered with Edward Jones, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On August 1, 2024, an investor alleged that Francisco Escalera recommended unsuitable investments. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Francisco Escalera 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 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

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

Francisco Escalera has registered with the following firms: 

• Edward Jones (CRD #: 250) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• BB&T Securities (CRD #: 142785) 
• BB&T Investment Services (CRD #: 33856) 
• Wells Fargo Advisors (CRD #: 19616) 

Kurta Law Can Help 

If you worked with Francisco Escalera 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.