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Ignacio Tejera Subject of a Northstar Dispute

Ignacio Tejera (CRD #: 4422696), a broker registered with Truist Investment Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 7, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On September 10, 2024, an investor alleged that Ignacio Tejera recommended unsuitable, high-risk shares of Northstar. The investor is seeking $500,000. 

On October 27, 2020, an investor alleged that Ignacio Tejera recommended an unsuitable investment. The investor sought $1,000,000 and the dispute settled for $300,000.

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 

Igancio Tejera has passed the following exams: 

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

He is a registered broker in 12 states and D.C. He is a registered investment adviser in Florida and Texas. 

Ignacio Tejera has registered with two firms: Truist Investment Services (CRD #: 17499) and Truist Advisory Services (CRD #: 283390).

Kurta Law Can Help 

If you worked with Ignacio Tejera 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.