Robert Alvarez: Did His Unsuitable Recommendations Lead to Losses?

Robert Alvarez (CRD #: 2242198), a broker registered with International Assets Advisory, is involved in a new investor dispute according to his BrokerCheck record, accessed on August 4, 2021. Investors may have engaged Alvarez’s services through Nola Financial.

On July 8, 2021, an investor alleged that Robert Alvarez recommended unsuitable investments and engaged in common law fraud. The investor further alleged negligent supervision.

There is another disclosure from less than a year earlier. The State of Louisiana alleged Robert Alvarez violated the insurance code by using fraudulent, coercive, or dishonest practices or misrepresentation in the course of business. Louisiana fined Alvarez $500.

Employment Resignation and Termination

On May 2, 2013, LPL Financial fired Robert Alvarez following allegations that he did not disclose his suspension from his previous broker-dealer.

On April 19, 2013, Ameriprise permitted Alvarez to resign. The firm suspended Alvarez following allegations that he violated policies related to client signatures. Alvarez also allegedly failed to comply with suspension requirements.

Robert Alvarez Background Information

Alvarez has passed the following exams:

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

He is a registered broker in 11 states and a registered investment adviser in Louisiana.

Alvarez is currently registered with the following firms:

• International Assets Advisory (CRD #: 10645)
• International Assets Investment Management (CRD #: 144426)

He has also registered with these firms:

• LPL Financial (CRD #: 6413)
• Ameriprise Financial Services (CRD #: 6363)
• IDS Life Insurance Company (CRD #: 6321)

Kurta Law Can Help

If you worked with Robert Alvarez and you have concerns about your investments, contact Kurta Law today. Call 212-658-1502 or email jkurta@kurtalawfirm.com.