Rene Javier Castro, of Chicago, Illinois, a stockbroker registered with Great Point Capital LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that Castro made unsuitable recommendations, was negligent, breached his fiduciary duties, breached a contract, and violated state securities laws in connection with the sale of GWG Bonds when Castro was registered with Great Point Capital LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01205 (November 14, 2022).
FINRA Public Disclosure shows that Castro is referenced in four other customer initiated investment related disputes concerning Castro’s conduct while registered with securities broker dealers. On November 19, 2010, a customer initiated investment related FINRA securities arbitration claim involving Castro’s conduct was settled for $11,000.00 in damages based upon allegations that Castro made unsuitable recommendations of variable annuities when Castro was registered with Intersecurities Inc. FINRA Arbitration No. 10-03665.
On September 6, 2022, another customer filed an investment related FINRA securities arbitration claim involving Castro’s conduct in which the customer requested $100,000.00 in damages resulting from the sale of corporate bonds when Castro was registered with Great Point Capital LLC. FINRA Arbitration No. 22-00852.
Castro is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Castro made unsuitable recommendations of alternative investments when Castro was registered with Center Street Securities Inc. FINRA Arbitration No. 22-02219 (October 19, 2022).
Castro has been registered with Great Point Capital LLC as a stockbroker since November 14, 2019. Castro has been registered with Retirement Wealth Management as an investment advisor representative since October 9, 2020.
