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Wayne Rubinas Involved in a Structured Note Dispute

Wayne Rubinas (CRD #: 4568138), a broker registered with RBC Capital Markets, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 19, 2024. Keep reading if you have concerns about his alleged misconduct. 

On October 27, 2023, an investor alleged that Wayne Rubinas did not disclose the fees associated with certain structured notes and that he would not have purchased them if he had been aware. The dispute was denied, but investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration.

Structured products

Structured products (or structured notes) are complex investments that combine a bond and a derivative. Investors’ returns are dependent on the performance of the derivative component—examples of which include forwards, options, and swaps.

The complicated nature of structured products makes them difficult for investors to evaluate. Their fees could make them unsuitable for certain investors. 


FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Wayne Rubinas has passed the following exams: 

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

He is a registered broker in 48 states and D.C. He is a registered investment adviser in Georgia and Texas. 

During his 20 years of experience, Wayne Rubinas has registered with the following firms: 

  • RBC Capital Markets (CRD #: 31194) 
  • UBS Financial Services (CRD #: 8174) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you have worked with Wayne Rubinas and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.