Last Updated: December 2024 (Midland, TX)
Francisco Alberto Escalera Investigation Summary
Here’s what you need to know about Midland, TX, stockbroker Francisco Alberto Escalera:
- Name: Francisco Alberto Escalera
- Current Employer: Edward Jones
- Prior Employers: Merrill Lynch, BB&T Securities
- Function: Stockbroker / Financial Advisor
- Aliases: Beto Escalera, Francisco Escalera
- Primary Location: Midland, TX
- CRD: 6242161
- Can Francisco Escalera be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute: Allegations of unsuitable investment recommendations. Damage amount not currently specified.
If you’ve sustained damages from Mr. Escalera, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Francisco Escalera As Your Stockbroker?
Francisco Escalera is facing a pending FINRA arbitration (Docket #24-01536), filed on July 15, 2024. The dispute alleges that Mr. Escalera recommended unsuitable investments in Exchange-Traded Funds (ETFs) from December 2020 through May 2022. The damages sought have not been specified in this currently pending matter.
Other Investigations Involving Exchange Traded Funds (ETFs)
Allegations of Broker Misconduct Against Francisco Escalera
Customers and regulatory authorities have alleged the following misconduct against Francisco Escalera:
- Unsuitable Investment Recommendations: Allegations involve inappropriate advice on ETFs, potentially breaching FINRA Rule 2111.
- Pending Arbitration: A customer complaint remains unresolved, with claims of unsuitable investment practices.
FINRA Rule 2111- suitability -Regulation Best Interest
FINRA enforces strict standards requiring brokers to prioritize the suitability and transparency of their investment recommendations. Violations of these rules can lead to financial harm for clients.
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Francisco Escalera, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.