Investor Seeks $1 Million in Dispute Naming Juan Rascon

Juan Rascon (CRD #: 5631144), a broker registered with Cetera Investment Services, is involved in a pending dispute, according to his BrokerCheck record, accessed on June 13, 2023. Investors may have also engaged his services through Cetera Investment Advisors. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On May 18, 2023, an investor named Juan Rascon in a dispute against Cetera Investment Services alleging that the firm failed to make suitable recommendations by allowing her to pledge her sole property assets against a joint debt owed by her and her ex-husband and by allowing her to make equity investments in a self-directed account.

The client had allegedly pledged the assets in the self-directed account to secure a line of credit with Cetera Investment Advisor’s then-affiliate bank.

The client seeks $1 million in damages in this pending dispute.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult the investor’s profile, which contains information about their age, tax status, and risk tolerance.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Juan Rascon has passed the following exams:

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

Juan Rascon is a registered broker in eight states and the District of Columbia. He is also a registered investment adviser in Texas.

He has also worked for the following firms:

• BBVA Securities (CRD#:27060)
• BBVA Wealth Solutions (CRD#:110476)
• BBVA Compass Investment Solutions (CRD#:17086)
• J.P. Morgan Securities (CRD#:79)
• Chase Investment Services (CRD#:25574)
• Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Juan Rascon and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.