Broker Alexander Arango Allegedly Sold Unsuitable Investments

Former LPL Financial Broker Accused of Wrongdoing

Former LPL Financial LLC broker and investment adviser Alexander Arango.
(Alexander Arango Burkatskaya) is the subject of multiple customer disputes. Many of the allegations involve unsuitable investment recommendations. Unsuitable recommendations are generally those that are not in the best interest of the customer.

At Meyer Wilson, we represent investors who have suffered losses due to investment fraud or broker misconduct. Our lawyers have secured over $350 million on behalf of clients nationwide. We have represented over a thousand investors and will fight for you and your family.

If you have suffered losses after investing with Alexander Arango or another broker accused of misconduct, contact our office at (614) 532-4576 to schedule a free consultation.

Customer Disputes Filed Against Alexander Arango

According to Alexander Arango’s BrokerCheck report, he has five public disclosures. The disclosures indicate that Arango has been accused of investment fraud multiple times.

Settled disputes against Arango include:

• August 2021: Arango reportedly made unsuitable investment recommendations and made material misrepresentations in relation to structured products. The client had requested damages in the amount of $60,399. The dispute was eventually settled for $20,000.
  
• May 2021: A complaint was filed alleging that from November 2018 to January 2019  Arango made unsuitable recommendations and misrepresentations for investing in a structured product (Credit Suisse). The matter was settled for $6,500.

• April 2021: A customer dispute alleges that Arango engaged in unauthorized trading, made material misrepresentations, and recommended unsuitable investments. The claim was settled for $6,987.24.

• April 2021: A final customer dispute alleges that from September 2018 to January 2022 Arango made multiple misrepresentations related to a Credit Suisse Note. The matter was settled for $45,000. 

If you believe that your broker or investment adviser engaged in misconduct, you need to speak with an attorney. An attorney can help you determine your legal options.

Your Rights If You Sustained Losses Related to Broker Misconduct

If you were recommended and sold unsuitable investment recommendations, you have the right to an attorney. You have the right to pursue a claim for damages against any and all liable parties. You also have the right to hold wrongful parties accountable for their misconduct. 

Unsuitable investment recommendations are those which are not in the best interest of the client. It can be due to a number of factors including your risk tolerance, income, age, or overall investment goals.

Did You Suffer Losses After Investing with Alexander Arango?

If you sustained losses after investing with Alexander Arango or another broker accused of wrongdoing, you need to contact our office to schedule a free consultation. Call (614) 532-4576 to speak directly with an experienced investment fraud lawyer.

We have decades of combined legal experience and are nationally recognized for our successful litigation and arbitration of investment fraud cases. Do not hesitate. Call now to get started.