Alternative Investment Losses with Former Cetera Investment Services LLC Broker Susan Cruz

Cetera Investment Services LLC

Cetera Investment Services LLC

Erez Law is currently investigating former Cetera Investment Services LLC broker Susan Cruz (CRD# 2213628) regarding REIT losses. He has been registered with Infinex Investments, Inc. in Victorville, California since 2018. Previously, she was registered with Cetera Investment Services LLC in Victorville, California from 2013 to 2018.

Susan Cruz Customer Complaints

He has been the subject of two customer complaints in 2021, according to her CRD report:

November 2021. “Claimant alleges their registered representative recommended unsuitable and illiquid alternative investments.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding real estate investment trusts (REITs) and took place while she was registered with Cetera Investment Services LLC.

July 2021. “Claimant alleges that their registered representative recommended unsuitable investments.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding real estate investment trusts (REITs) and took place while she was registered with Cetera Investment Services LLC.

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 Investment Services LLC may be liable for investment or other losses suffered by Susan Cruz’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.