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Raul Mendez Allegedly Recommended Unsuitable Investments

Raul Mendez (CRD 3244412), a broker registered with Cetera Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 10, 2024. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations 

On May 2, 2024, an investor alleged that Raul Mendez recommended an unsuitable investment for his customer’s investment objectives and risk tolerance.

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration. 

Background Information 

Raul Mendez has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in Texas. 

Raul Mendez has registered with the following firms: 

  • Cetera Investment Services (CRD #: 15340) 
  • Lincoln Financial Securities Corporation (CRD #: 3870) 
  • LPL Financial (CRD #: 6413) 
  • MetLife Securities (CRD #: 14251) 
  • Metropolitan Life Insurance Company (CRD #: 4095) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Raul Mendez and 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.

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