Last Updated: December 2023 (Aventura, FL)
Raul Benitez Investigation Summary
Here’s what you need to know about Aventura, Florida, stockbroker Raul Benitez:
- Name: Mr. Raul Jorge Benitez
- Current Employer: Aragon Capital LLC (RIA) , Not currently registered with FINRA
- Previous Firms: Wells Fargo Clearing Services, Suntrust Investment Services (now Truist ) , LPL Financial, J.P. Morgan
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Raul Benitez
- Primary Location: Aventura, FL
- CRD 4457185
- Can Raul Benitez be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $175,000
- Discharged by a prior employer: Yes
- Pending Customer Dispute Seeks Damages of $500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Raul Benitez As Your Stockbroker?
In 11/2023 a customer of Truist Investment Services (formerly Suntrust Investment Services) filed a FINRA alleging that Raul Benitez made an unsuitable recommendation to invest in a Guaranteed Investment Contract (GIC) causing losses of $500,000. This matter is currently pending.
A customer of Suntrust Investment Services was paid $175,000 in 9/2022 to settle a FINRA arbitration alleging that Benitez made an unsuitable recommendation to invest in Northstar GIC.
In 1/2022 a customer of Wells Fargo Clearing Services was paid $137,500 to settle a FINRA arbitration alleging that Raul Benitez made an unsuitable recommendation and misrepresentations in connection with an investment strategy that involved using a portfolio of securities as collateral for a loan.
Raul Benitez was discharged by JPMChase Bank in 2013.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Raul Benitez
Customers of Raul Benitez have alleged the following wrongdoing in connection with the handling of customer accounts:
Recover Losses on Northstar Financial (Bermuda)
- Unsuitable Investment Recommendation to invest in Northstar GIC
- Unsuitable Investment Recommendation to employ investment strategy involving using securities portfolio as collateral for a loan
- Misrepresentations
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Raul Benitez, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
