Cetera Wealth Services, LLC broker Hector Mena (CRD# 5400535) is accused of unsuitable investment recommendations. He has been registered with Cetera Wealth Services, LLC in Hypoluxo, Florida, since 2021, and Cetera Investment Advisers LLC in Hypoluxo, Florida, since 2023. He was registered with Cetera Advisor Networks LLC in Boca Raton, Florida, from 2021 to 2023, and Wells Fargo Clearing Services, LLC in Delray Beach, Florida, from 2016 to 2021.
Hector Mena Customer Complaints
He has been the subject of three customer complaints between 2021 and 2025, according to his CRD report:
August 2025. “Claimant alleges representative recommended unsuitable investments.” The customer is seeking $700,000 in damages, and the case is currently pending. The complaint took place while he was registered with Cetera Wealth Services, LLC.
August 2022. “Claimant alleges that financial advisor’s individual investment recommendations and overall investment strategy, all of which was subject to Wells Fargo’s compliance and supervision, was unsuitable and significanty flawed.” The case was settled for $125,000. The complaint took place while he was registered with Wells Fargo Clearing Services, LLC.
October 2021. “Clients complain that their Financial Advisor advised them that they would not incur a sales charge on their mutual fund purchase due to the size of their investment entitling them to an NAV breakpoint. (3/18/2021).” The customer sought $6,806 in damages, and the case was settled for $5,500. The complaint took place while he was registered with Wells Fargo Clearing Services, LLC, and it was regarding mutual funds.
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, Cetera Wealth Services, LLC may be liable for investment or other losses suffered by Hector Mena’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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