Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker / financial advisor Juan Manuel Rascon [CRD: 5631144, Katy, Texas]. According to his employment history, Rascon joined Cetera Investment Services LLC on March 8, 2019, and previously worked for BBVA Securities Inc. from May 16, 2013, to March 11, 2019. Investors have raised concerns about his handling of certain accounts, including allegations of unsuitable recommendations and misrepresentation. Read on for more details about the disputes surrounding Rascon.
On September 3, 2024, a client of Cetera Investment Services LLC filed a complaint accusing Juan Rascon of making unsuitable recommendations and misleading the client. The client alleged that these actions related to structured products. Cetera Investment Services LLC denied the client's complaint, and no compensation was awarded in this matter.
On May 18, 2023, an investor filed FINRA Arbitration No. 23-00925 about Juan Rascon while he worked for BBVA Securities Inc., accusing him of breaching his fiduciary duty and making unsuitable recommendations. The investor alleged that Rascon allowed her to pledge her assets against a joint debt with her ex-husband. Supposedly, he invested in equities. The investor asked for $1,000,000 in damages. This matter is currently pending a resolution.
On July 14, 2014, a client made a complaint about the broker. This concerned three certificates of deposit (CDs) issued by BBVA Securities Inc.'s affiliate bank. The client claimed that the representative, in his capacity as an employee of the bank, did not adequately disclose the terms of the CDs. Evidently, on August 22, 2014, the firm’s affiliate bank settled the matter.
Contact Soreide Law About Juan Rascon Today
Contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney for more information. Rascon and the firms he worked for deny the accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
Soreide Law Group is investigating potential investor claims involving InPoint Commercial Real Estate Income Inc. (“InPoint”), a non-traded REIT that reported declining net asset values, substantial portfolio reductions, suspended share repurchases, and mounting commercial real estate-related issues that may have negatively impacted investors. InPoint primarily invested in floating-rate first mortgage loans secured by commercial properties, […]
Soreide Law Group is investigating potential investor claims involving National Healthcare Properties Inc. (“NHP”), formerly Healthcare Trust Inc., after the healthcare REIT’s April 2026 Nasdaq IPO priced well below expectations and highlighted steep losses for many earlier investors in the non-traded REIT. National Healthcare Properties owns senior housing communities and outpatient medical facilities throughout the […]
Soreide Law Group is investigating potential investor claims involving possible sales practice violations by securities brokers and financial advisors related to recommendations of Spring Hills Holdings investments. Spring Hills Holdings is a senior care and healthcare-related private investment that may have exposed investors to substantial risks, including illiquidity and possible loss of principal. Investors should […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com