Soreide Law Group is investigating possible investor claims against securities broker Rene Javier Castro [CRD: 2559410, Upland, California]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Center Street Securities Inc. Evidently, investors allege sales practice violations in these disputes, including inappropriate advice. Here is a brief summary of the disclosures about Castro. Remember that the broker denies the accusations against him.
Particularly, on June 7, 2023, a Center Street Securities Inc. client filed FINRA Arbitration: 23-01681 about Rene Castro. Namely, the client alleged that Castro made unsuitable recommendations. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, the client requested $100,000 in compensation from Center Street Securities Inc. or Castro. Notably, this arbitration is pending a resolution.
Specifically, a client of Great Point Capital LLC contested Rene Castro’s sales practices by filing FINRA Arbitration: 22-01205. Allegedly, Castro made unsuitable recommendations, was negligent, breached a fiduciary duty, breached a contract, and violated state securities laws. It appears that Castro caused the client to sustain damages on GWG bonds. Therefore, Great Point Capital LLC opted to settle the matter on November 14, 2022, by compensating the client in the amount of $175,000.
Notably, on October 6, 2022, a Center Street Securities Inc. client filed FINRA Arbitration: 22-02219 about Rene Castro. Namely, the client alleged that Castro provided unsuitable advice. Because of this, the client allegedly sustained damages on alternative investments. Therefore, the client requested $250,000 in compensation from Center Street Securities Inc. or Castro. Evidently, this arbitration is pending a resolution.
Particularly, a client of Great Point Capital LLC contested Rene Castro’s sales practices by filing FINRA Arbitration: 22-00852 on June 20, 2022. Allegedly, Castro recommended investments which poorly performed. It appears that Castro caused the client to sustain damages on corporate bonds. Therefore, the client seeks compensatory relief from Great Point Capital LLC or Castro in the amount of $100,000 in this ongoing matter.
Rene Castro worked for Center Street Securities Inc. as a securities broker and Center Street Advisors Inc. as a financial advisor between 2014 and 2019. He has been associated with Great Point Capital LLC since November 2019 and Retirement Wealth Management since October 2020.
Did you sustain losses by investing with Rene Castro? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors throughout the country, works on a contingency fee basis and advances all costs. Castro and brokerage firms Castro worked for deny any and all allegations of sales practice violations.
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