Francisco Javier Cabral (CRD #5257195) Has Customer Dispute Disclosures on FINRA BrokerCheck

Francisco Javier Cabral (CRD #5257195) is a broker currently registered with Ameriprise Financial Services, LLC who has three customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 19, 2026. It reflects three customer disputes. If you invested with Francisco Javier Cabral and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Francisco Cabral’s FINRA BrokerCheck report reflects three customer dispute disclosures. Under the template limit, two are summarized below. One additional customer dispute disclosure remains listed on BrokerCheck.

On January 12, 2026, a customer filed a FINRA arbitration involving Francisco Cabral. The customer alleged unsuitability, misrepresentations and omissions, and breach of fiduciary duty involving Energy 12. FINRA BrokerCheck lists alleged damages of $150,000. It also states the matter is pending under FINRA docket 25-02839.

On August 27, 2024, a customer filed a pending dispute involving Francisco Cabral. The customer alleged unsuitability, misrepresentation or omission tied to Energy 12 and mutual funds, plus forgery tied to Energy 12. FINRA BrokerCheck lists alleged damages of $450,000. It also notes allegations of misappropriation, forgery, theft, or conversion of funds or securities.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer based on the customer’s investment profile. Disputes that raise unsuitability claims often focus on whether the product matched the investor’s needs, risk tolerance, and financial ability.

Rule Summary #2: FINRA Rule 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices)

FINRA Rule 2020 bars a member from inducing the purchase or sale of a security through manipulative, deceptive, or fraudulent conduct. Claims involving misrepresentations or omissions can raise questions about whether material facts were presented fairly to the investor.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Francisco Cabral:

Is currently registered with Ameriprise Financial Services, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Francisco Cabral has passed Series 7. He has also passed Series 65 and Series 63.

Was previously registered with David Lerner Associates, Inc.

Kurta Law Can Help

If you have worked with Francisco Cabral and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Misrepresentation and Omission

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.