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

Suntrust Investment Services, Inc.

Erez Law is currently investigating former SunTrust Investment Services, Inc. broker Pedro Escobar (CRD# 2785268) regarding 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.

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 was related to GIC losses, and it took place while he was registered with Suntrust Investment Services, Inc. in Miami, Florida, from 2010 to 2014.

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.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.