Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Rene Javier Castro [CRD: 2559410, Chicago, Illinois]. Rene Javier Castro worked for Center Street Securities, Inc. from April 2014 to October 2019 and later joined Great Point Capital LLC in November 2019, where he remains registered. Recent disclosures reveal concerns about Castro’s conduct, including allegations of unsuitable investment recommendations.
On January 2, 2024, a client of Great Point Capital LLC filed a FINRA arbitration claim alleging Rene Javier Castro recommended unsuitable GWG L Bonds. The claim stated that the investment caused damages amounting to $32,000. On July 10, 2024, the matter was settled with the firm agreeing to pay $15,000.
On June 2, 2022, a client of Great Point Capital LLC alleged that Rene Javier Castro recommended unsuitable GWG Bonds, citing negligence, breach of fiduciary duty, and contract violations. The client sought damages of $151,000. On November 14, 2022, Great Point Capital LLC resolved the matter, paying a settlement of $175,000.
On September 6, 2022, a client filed an arbitration claim alleging unsuitable investment recommendations. The claim sought $100,000 in damages, plus fees and interest. On September 28, 2023, the matter was settled for $102,491.43.
On August 21, 2023, a client of Center Street Securities filed a FINRA arbitration claim alleging Rene Javier Castro recommended unsuitable alternative investments. The client claimed damages of $140,000. As of this date, the matter remains pending resolution.
On June 7, 2023, a client of Center Street Securities filed an arbitration claim alleging unsuitable recommendations of corporate debt investments. The claim sought $100,000 in damages. This matter remains pending resolution.
On October 6, 2022, a client of Center Street Securities filed a FINRA arbitration claim alleging Rene Javier Castro recommended unsuitable alternative investments. The client sought $250,000 in damages. Evidently, the arbitration remains pending.
Looking for more information about Rene Javier Castro? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. With experience representing investors across the U.S., Soreide Law Group works on contingency, advances costs, and helps clients recover losses from sales practice misconduct when possible. Castro and the firms he worked for deny accusations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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