Investors apparently complained about securities broker Eilier Teruel (also known as Eilier Perez) [CRD: 6831230, Chattanooga, Tennessee], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Eilier Teruel has worked for Merrill Lynch since July 29, 2019. Read on to find out more about disclosures involving this securities broker.
Particularly, on March 20, 2026, a Merrill Lynch client filed a complaint about Eilier Teruel. Mainly, the client alleged that Teruel made misrepresentations regarding unit investment trusts. For this reason, the client allegedly sustained damages involving UITs. Therefore, the client requested compensation from Merrill Lynch or Teruel. The complaint was closed with no resolution on May 13, 2026.
Misrepresentation involving unit investment trusts occurs when a securities broker or financial advisor allegedly provides inaccurate, incomplete, or misleading information about an investment. Examples can include statements about potential returns, risks, fees, liquidity, or the nature of the investment itself. Investors rely on accurate information when making investment decisions, so alleged misrepresentations can lead to misunderstandings about whether a unit investment trust is appropriate for their financial goals and risk tolerance.
Are you worried about investments you made through Eilier Teruel? Get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the United States. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Teruel and brokerage firms Teruel worked for deny allegations of sales practice violations.
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