Investors File Disputes About Pedro Escobar

Soreide Law Group is investigating possible investor claims against Pedro Escobar (also known as Pedro Jose Escobar) (CRD: 2785268, Miami, Florida). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for SunTrust Investment Services Inc. Notably, investors allege sales practice violations in these disputes, including that Escobar made unsuitable recommendations. Here is a brief summary of the disclosures about Escobar.

SunTrust Investment Services Inc. Investor Accuses Escobar Of Unsuitable Recommendations

Evidently, on November 8, 2022, a SunTrust Investment Services Inc. client filed FINRA Arbitration: 22-02530 about Pedro Escobar. Namely, the client alleged that Escobar made unsuitable recommendations. Because of this, the client allegedly sustained damages on GICs. Therefore, the client requested $500,000 in compensation from SunTrust Investment Services Inc. or Escobar. BrokerCheck shows that this arbitration is pending a resolution.

Pedro Escobar Discloses Failure To Follow Instructions Allegations By Wachovia Securities LLC Client

Also, a client of Wachovia Securities LLC contested Pedro Escobar’s sales practices, according to a complaint dated March 24, 2009. Allegedly, Escobar failed to follow instructions. Supposedly, Escobar caused the client to sustain damages on variable annuities. Therefore, the client requested compensatory relief from Wachovia Securities LLC or Escobar in the amount of $45,103.89. However, Wachovia Securities LLC denied this complaint.

Escobar Employment Information

• Escobar has worked for Ameriprise Financial Services LLC in Davie, FL, as a securities broker and financial advisor since June 5, 2020.

Did SunTrust Investment Services Inc. Securities Broker Pedro Escobar Cause You To Experience Damages?

Have you experienced damages through investing with Pedro Escobar? You should contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for many investors in all 50 states, represents investors like you on a contingency fee basis and advances all costs. Escobar and those firms Escobar worked for deny any and all allegations of sales practice violations.