Emilio Guajardo Jr., of Houston, Texas, a stockbroker registered with BBT Securities LLC, was the subject of a customer initiated investment related complaint that was settled on August 26, 2022, for $607,856.00 in damages based upon allegations that Guajardo made misrepresentations of material fact in connection with the sale of unit investment trusts when Guajardo was associated with BBT Securities LLC.
This is not the first time that Guajardo has been referenced in a customer initiated investment related dispute concerning Guajardo’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Guajardo was also referenced in a customer initiated investment related complaint that was settled on October 15, 2020, for $267,979.69 in damages resulting from the sale of unit investment trusts when Guajardo was associated with BBT Securities LLC.
On April 22, 2022, another customer filed an investment related FINRA securities arbitration claim involving Guajardo’s conduct in which the customer requested $188,000.00 in damages based upon allegations that Guajardo made unsuitable recommendations of unit investment trusts during the time that Guajardo was associated with BBT Securities LLC. FINRA Arbitration No. 22-00883.
Guajardo’s stockbroker and investment adviser representative registrations with BBT Securities LLC were terminated on June 8, 2020. Guajardo has been registered with Merrill Lynch Pierce Fenner Smith Inc. as a stockbroker and investment adviser representative since June 5, 2020.
