Unsuitable Investment Recommendations with Former Suntrust Investment Services, Inc. Broker Pedro Escobar

Suntrust Investment Services, Inc.

Were you the victim of former Suntrust Investment Services, Inc. broker Pedro Escobar (CRD# 2785268) who is accused of unsuitable investment recommendations? He has been registered with Ameriprise Financial Services, LLC in Davie, Florida since 2020. Previously, he was registered with Wells Fargo Clearing Services, LLC in Miami, Florida from 2014 to 2020 and with Suntrust Investment Services, Inc. in Miami, Florida from 2010 to 2014.

Pedro Escobar Customer Complaints

He has been the subject of two customer complaints between 2009 and 2022, one of which was denied, according to his CRD report:

November 2022. “Client alleges unsuitable recommendations.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint took place while he was registered with SunTrust Investment Services, Inc. and it was regarding guaranteed investment contracts (GICs).  

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, Suntrust Investment Services, Inc.  may be liable for investment or other losses suffered by Pedro Escobar’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.