Advisor Alert: Our Attorneys Are Investigating Raul Jorge Benitez For Investment Fraud
Did You Lose Money Because of Raul Benitez?
Filed: January 30, 2024
Raul Benitez currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) termination event and five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Raul Jorge Benitez.
Who Is Raul Jorge Benitez?
- Advisor Name: Raul Jorge Benitez
- Aliases: Raul Benitez
- CRD: 4457185
- Location: Aventura, Florida
- Current Employer: Currently Not Registered
- Previous Firms: Wells Fargo Clearing Services, LLC, Suntrust Investment Services, Inc., and LPL Financial LLC
- Number of Known Customer Complaints: 5
- Number of Known Termination Events: 1
- Can Raul Benitez Be Sued: Yes, in Private Arbitration
- Can Raul Benitez’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $175,000
If you have suffered investment losses by Raul Benitez, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Raul Benitez For Broker Misconduct
As of this publication date, Raul Benitez has been the subject of 1 termination event and 5 customer disputes. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Raul Benitez by a customer of Truist Investment Services, Inc. alleging unsuitable investment. Per the customer, he/she lost over $500,000 because of Mr. Benitez’s actions. As of this publication date, this claim remains pending.
In July 2021, a FINRA arbitration was filed against or in reference to Raul Benitez by a customer of Suntrust Investment Services, Inc. alleging that the client’s Northstar investment was unsuitable. Per the customer, he/she lost over $218,707 because of Mr. Benitez’s actions. On September 9, 2022, Mr. Benitez settled the claim for $175,000, and some or all of this amount may have been paid by Mr. Benitez’s employer and/or insurance carrier.
In December 2020, a FINRA arbitration was filed against or in reference to Raul Benitez by a customer of Wells Fargo Clearing Services, LLC alleging that in Summer 2019, Mr. Benitez made unsuitable recommendations and misrepresentations in connection with an investment strategy that involved using a portfolio of securities as collateral for a loan. On January 31, 2022, Mr. Benitez settled the claim for $137,500, and some or all of this amount may have been paid by Mr. Benitez’s employer and/or insurance carrier.
In February 2019, a complaint was filed against or in reference to Raul Benitez by a customer of Suntrust Investment Services, Inc. alleging that the recommendation for a managed/fee based account was not suitable. Per the customer, he/she lost over $10,837.79 because of Mr. Benitez’s actions. On March 11, 2019, Mr. Benitez settled the claim for $8,486.24, and some or all of this amount may have been paid by Mr. Benitez’s employer and/or insurance carrier.
In March 2013, JPMChase Bank terminated Raul Benitez for failing to record in affiliate banks systems the account owner’s dual citizenship or the fact that the funds to be deposited in the account originated from outside the U.S. The registered rep also failed to submit a letter from the account owner instructing liquidation of the trust account for principal review and approval.
In February 2011, a complaint was filed against or in reference to Raul Benitez by a customer of Chase Investment Services Corp. alleging that the signature on account opening documents is not authentic. Per the customer, he/she lost over $712 because of Mr. Benitez’s actions.
How To File A Claim Against Raul Benitez (previously with Wells Fargo Clearing Services, LLC, Suntrust Investment Services, Inc., and LPL Financial LLC) To Get Your Money Back
If you have questions about Raul Benitez, Wells Fargo Clearing Services, LLC, Suntrust Investment Services, Inc., LPL Financial LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.