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Victor Aponte-Echevarria Allegedly Misrepresented Variable Annuities

Victor Aponte-Echevarria (CRD #: 2492490), a broker registered with Cetera Advisor Networks, allegedly made misrepresentations, according to his BrokerCheck record, accessed on June 13, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on May 5, 2023, an investor alleged Victor Aponte-Echevarria misrepresented variable annuities purchased in or around July 5, 2016, by making guarantees about the product. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulation, deception, and other fraudulent means of influencing investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s requirements, risks, or potential returns.

FINRA Rule 2150

FINRA Rule 2150 prohibits brokers from guaranteeing investors against loss.

What are Variable Annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Victor Aponte-Echevarria has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Victor Aponte-Echevarria is a registered broker in Florida and Puerto Rico. He is also a registered investment adviser in Puerto Rico.

He has also worked for the following firms:

  • MML Investors Services (CRD#:10409)
  • Walnut Street Securities (CRD#:15840)
  • VeraVest Investment Advisors (CRD#:105796)
  • VeraVest Investments (CRD#:3960)

Kurta Law Can Help

If you worked with Victor Aponte-Echevarria 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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