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Lilly Cuaron Castro Allegedly Misrepresented Mutual Funds

Lilly Cuaron Castro (CRD #: 5510204), a broker registered with Morgan Stanley, allegedly made misrepresentations, according to her BrokerCheck record, accessed on October 16, 2022. Read on to learn more about her conduct as a broker.

Investor Dispute

On July 4, 2022, an investor alleged that Lilly Cuaron Castro misrepresented mutual funds purchased in the client’s account in 2021. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without an outside review. Investors may be able to recoup their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which prohibits the use of manipulative, deceptive, and otherwise unethical methods to influence an investor’s decisions.

Background Information

Lilly Cuaron Castro 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

Lilly Cuaron Castro is a registered broker in 12 states and Puerto Rico. She is also a registered investment adviser in Texas.

She has also worked for the following firms:

  • BBVA Securities (CRD#:27060)
  • BBVA Compass Investment Solutions (CRD#:17086)
  • BBVA Investments (CRD#:31769)

Kurta Law Can Help

If you worked with Lilly Cuaron Castro 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. 

 

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