Jorge Miguel Alvarez, of Miami, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $293,000.00 in damages based upon allegations that Alvarez made unsuitable recommendations of Guaranteed Investment Contracts or GICs when Alvarez was associated with SunTrust Investment Services Inc. FINRA Arbitration No. 21-01954 (September 23, 2022).
This is not the first time that Alvarez has been referenced in a customer initiated investment related dispute concerning Alvarez’s conduct in the securities industry. FINRA Public Disclosure shows that Alvarez is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged unsuitable advice about GICs when Alvarez was associated with SunTrust Investment Services Inc. FINRA Arbitration No. 20-02685 (October 20, 2020).
Alvarez has been associated with Truist Investment Services Inc. as a stockbroker since January 1, 1998, and associated with Truist Advisory Services Inc. as an investment advisor representative since November 17, 2016.