Last Updated: January 2025 (McAllen, TX)
Eliab F. Alonzo Investigation Summary
Here’s what you need to know about McAllen, TX, stockbroker Eliab F. Alonzo:
- Name: Eliab F. Alonzo
- Current Employer: Cetera Advisor Networks LLC
- DBA: Goldenbridge Wealth
- Prior Employers: BBVA Securities, Summit Financial Group
- CRD Number: 5098689
- Function: Stockbroker / Financial Advisor/ Registered Investment Advisor
- Primary Location: McAllen, TX
- Aliases: Eliab Alonzo
- Can Eliab Alonzo be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $60,000
If you’ve sustained damages from Mr. Alonzo, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Eliab Alonzo As Your Stockbroker?
A customer of Cetera Advisor Networks LLC filed a complaint alleging that structured notes purchased in October 2021were unsuitable for the customer and performed poorly. This complaint concluded with a settlement of $60,000 on January 13, 2025, with Mr. Alonzo personally contributing $15,000 of the settlement amount.
Structured Products: Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indicies, commodities, debt issuance, foreign currencies or derivatives). See this for FINRA’s Investor Insights “Understanding Structured Notes with Principal Protection”
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Allegations of Broker Misconduct Against Eliab Alonzo
A customer of Eliab Alonzo has alleged the following wrongdoing in connection with the handling of their accounts:
- Unsuitable Investment Recommendations:
Customer alleged that Mr. Alonzo failed to consider their financial goals and risk tolerance when recommending structured notes. This potentially violated FINRA Rule 2111 on suitability.
The Financial Industry Regulatory Authority (FINRA) requires brokers and brokerage firms to disclose customer disputes, regulatory actions, and other pertinent financial matters.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Cetera brokers
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Eliab F. Alonzo, 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.