As a dedicated advocate for investors, I want to share a concerning situation involving Fort Lauderdale financial advisor Raul Benitez. Benitez has been the subject of multiple investor complaints that allege his investment advice resulted in significant losses for his clients.
My team at Meyer Wilson has closely followed the developments related to these allegations. The most recent complaint, which emerged in November 2023, asserts that during his time with Truist Investment Services, Mr. Benitez recommended an unsuitable Guaranteed Investment Contract, with alleged damages ranging between $100,000 and $500,000—this case is still pending resolution.
Looking back, we find a similar pattern of complaints. In 2021, an investor claimed that Benitez, while associated with SunTrust (now Truist), advised them to invest in an unsuitable invested called Northstar. This matter was settled in 2022 for $175,000. Another investor, in 2020, alleged misrepresentation and an inappropriate investment strategy involving the use of securities as loan collateral while he was with Wells Fargo. This complaint was also settled in 2022, with the investor being awarded $137,500.
A fourth complaint from 2019 involved a recommendation for an unsuitable managed account.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
At Meyer Wilson, we stand by investors who have suffered due to potentially unsuitable or misguided investment advice. Our firm operates nationwide, providing expert legal representation and working tirelessly to uphold the rights of our clients. If you or someone you know has experienced investment losses possibly due to the actions of a financial advisor, it’s crucial to explore your options.
Please don’t hesitate to contact us at 866-938-2021 for a free and confidential consultation. We are here to help you assess the situation and determine the best course of action. Our team is committed to ensuring that your voice is heard and that justice is served. Remember, at Meyer Wilson, your trust is our cornerstone, and your financial security is our mission.
For further assistance or to start a conversation about your case, visit our website at investorclaims.com. Your financial future deserves the utmost care and attention, and we’re here to provide just that.
Recovering Losses Caused by Investment Misconduct.