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Investor Claims Luz Maruri Gave Poor Investment Advice

Jun 3, 2022 Investor Disputes

Luz Maruri (CRD #: 5507797), a broker registered with J.P. Morgan Securities, was involved in a recent investor dispute, according to her BrokerCheck record, accessed on May 23, 2022. Keep reading if you have questions about Luz Maruri’s conduct as a broker.

Investor Dispute

On February 23, 2022, an investor alleged Luz Maruri gave them poor advice regarding a managed account investment between October 18, 2021, and February 22, 2022. This dispute was denied by the firm.

Investors should be aware, however, that firms don't need to permit a third-party review before denying a dispute. Investors may be able to recoup their losses through FINRA arbitration following a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations and overall investment strategies to match investors’ goals. Brokers must take into account the characteristics compiled in investors’ profiles, such as their age, tax status, and risk tolerance.

Investors who have lost money through unsuitable investments or investment strategies may be able to recover their losses through FINRA arbitration.

Background Information

Luz Maruri has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 6 - Investment Company Products/Variable Contracts Representative Examination

Luz Maruri is a registered broker in six states and a registered investment adviser in Florida.

She has also worked for the following firms:

  • J.P. Morgan Securities (CRD#:79)
  • Chase Investment Services (CRD#:25574)
  • Wamu Investments (CRD#:599)

Kurta Law Can Help

If you worked with Luz Maruri 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.