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Valeriano Parayao Allegedly Misrepresented Information to an Investor

Valeriano Parayao (CRD #: 4635765), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is alleged to have misrepresented information to a client, according to his BrokerCheck record, accessed on April 6, 2022. If you want to know more about Valeriano Parayao’s conduct as a broker, keep reading.

Investor Dispute

An investor alleged Valeriano Parayao misrepresented information involving allocation within the client’s account. The dispute was denied.

However, investors should know that firms can deny disputes without any third-party investigation. Investors whose disputes are denied may still be able to recover their losses through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits brokers from using deceptive, manipulative, or otherwise fraudulent tactics to influence their clients’ investment decisions, such as misrepresenting an investment’s risks or benefits.

Background Information

Valeriano Parayao has passed the following exams:

  • Series 66 – Uniform Combined State 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

Valeriano Parayao is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in California and Texas.

Previously, he worked for Banc of America Investment Services (CRD#:16361).

Kurta Law Can Help

If you worked with Valeriano Parayao 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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