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John Aguilera Subject of a Six-Figure Dispute

John Aguilera (CRD #: 2066720), a broker registered with Osaic Wealth (formerly Royal Alliance and Woodbury), is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on January 25, 2024. Keep reading if you have questions. 

On October 23, 2023, an investor alleged that John Aguilera made unsuitable purchase and sale recommendations. The investor sought $240,000 but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. FINRA arbitration offers a way for investors to recover following a denial. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains 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

Background Information 

John Aguilera has passed the following exams: 

  • Series 65 Uniform Investment Adviser 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 
  • Series 51 Municipal Fund Securities Principal Examination 
  • Series 24 General Securities Principal Examination 
  • Series 26 Investment Company Products/Variable Contracts Principal Examination 

He is a registered broker in 26 states and is a registered investment adviser in California and Texas. 

John Aguilera has registered with the following firms: 

  • Osaic Wealth (CRD #: 23131) 
  • Sagepoint Financial (CRD #: 133763) 
  • SunAmerica Securities (CRD #: 20068) 
  • Sunset Financial Services (CRD #: 3538) 
  • Washington Square Securities (CRD #: 2882) 
  • Fortis Investors (CRD #: 421) 

Kurta Law Can Help 

If you have worked with John Aguilera and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.