RAUL JORGE BENITEZ Wells Fargo Aventura FL

Soreide Law Group, based in South Florida, is currently investigating brokers/financial advisors who, through SunTrust (now Truist), sold Northstar Financial Services (Bermuda) Ltd. to their clients.
Soreide Law Group has four lawsuits against SunTrust due to the of the sale of Northstar Financial Services (Bermuda) Ltd.
One of the brokers we are investigating is:
RAUL JORGE BENITEZ (CRD#: 4457185), currently registered with WELLS FARGO CLEARING SERVICES, LLC, in AVENTURA, FLORIDA. Benitez has been registered with Wells Fargo both as a broker and an investment advisor since 9/27/2018.
Northstar Financial Services (Bermuda) Ltd. based in Bermuda, is an annuity and life insurance company. Northstar investors were often recommended this investment by their brokers/financial advisors, and may have been interested in the investment due to the tax benefits from an investment based in Bermuda. Many investors may have been promised a low-risk and conservative investment, when in fact it was not. Northstar Bermuda suspended monthly income distributions in 2020, and investors are now dealing with significant losses due to the company filing for bankruptcy and the criminal conviction of owner, Greg Lindberg.  It is not likely Northstar Financial Services (Bermuda) Ltd. will be able to pay back the amount owed to fixed-rate contract holders.
Investors may not get their money back from Northstar Bermuda, they may be able to file claims against the financial institutions that recommended and sold Northstar Financial Services (Bermuda) Ltd.
According to FINRA’s BrokerCheck, RAUL JORGE BENITEZ has been in the securities industry for 19 years, listed with 11 firms, and has 5 disclosures on his FINRA CRD report.  Of the 5 disclosures listed, 4 are “Customer Disputes.”
On July 6, 2020, there was a Customer Dispute filed against Benitez, with these allegations, “Client alleges Northstar investment was unsuitable.” The client is seeking $218,707.00 in damages.  This dispute is pending.
RAUL JORGE BENITEZ was also listed with:
08/24/2016 - 10/02/2018 SUNTRUST ADVISORY SERVICES, INC - BAL HARBOUR, FL
09/23/2014 - 12/31/2016 SUNTRUST INVESTMENT SERVICES, INC. - MIAMI, FL
09/22/2014 - 10/02/2018 SUNTRUST INVESTMENT SERICES, INC. - MIAMI, FL
Many broker/dealers sold Northstar Financial Services (Bermuda) Ltd., and presented it to their clients as a safe, secure, and totally liquid investment.
If you’ve sustained investment losses in Northstar Financial Services (Bermuda) Ltd., due to the recommendations or actions of RAUL JORGE BENITEZ of WELLS FARGO CLEARING SERVICES, LLC, in AVENTURA, FLORIDA or any other broker/dealer, contact Florida-based Soreide Law Group for a free consolation regarding the possible recovery of your financial losses at: (888) 760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.