UIT Losses with Former BB&T Securities, LLC Broker Emilio Guajardo Jr.

BB&T Securities

Erez Law is currently investigating former BB&T Securities, LLC broker Emilio Guajardo Jr. (CRD# 4871764) regarding unit investment trust (UITs). He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in The Woodlands, Texas, since 2020. Previously, he was registered with BB&T Securities, LLC in Houston, Texas, from 2018 to 2020 and BB&T Investment Services, Inc. in Houston, Texas, from 2015 to 2018.

Emilio Guajardo Jr. Customer Complaints

He has been the subject of three customer complaints between 2020 and 2022, according to his CRD report:

April 2022. “Unsuitable Investments.” The customer is seeking $188,000 in damages, and the case is currently pending. The complaint was related to UIT losses. 

March 2022. “Customer complaint alleging misrepresentation of investment.” The case was settled for $607,856. The complaint was related to UIT losses. 

September 2020. “Client alleges that he indicated to the representative that his primary concern was safety of principal.” The case was settled for $267,979.69. The complaint was related to UIT losses. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, BB&T Securities, LLC may be liable for investment or other losses suffered by Emilio Guajardo Jr.’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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