Former Center Street Advisors, Inc. broker Rene Castro (CRD# 2559410) is accused of alternative investment losses. She has been registered with Great Point Capital LLC in Chicago, Illinois, since 2019, and with Retirement Wealth Management in Upland, California, since 2020. Previously, she was registered with Center Street Advisors, Inc. in Upland, California, from 2014 to 2019.
Rene Castro Customer Complaints
She has been the subject of seven customer complaints between 2010 and 2023, one of which was denied, according to her CRD report. The most recent complaints are regarding:
September 2023. “Client alleges registered representative recommended an unsuitable investment.” The customer is seeking $140,000 in damages, and the case is currently pending. The complaint was regarding alternative investments, and it took place while she was registered with Center Street Advisors, Inc.
July 2023. “Client alleges registered representative recommended an unsuitable investment.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, and it took place while she was registered with Center Street Advisors, Inc.
February 2023. “Client alleges registered representative recommended unsuitable investments.” The customer is seeking $250,000 in damages, and the case is currently pending.
September 2022. “Claim brought against three registered representative. Castro alleged portion of damages is $100,000 plus punitive damages, fees and interest.” The customer sought $100,000 in damages, and the case was settled for $102,491.43. The complaint was regarding corporate debt, and it took place while she was registered with Great Point Capital LLC.
June 2022. “Sale of GWG Bonds, claim for lack of suitability, negligence, breach of fiduciary duty, contract, various California statutes.” The customer sought $151,000 in damages, and the case was settled for $175,000. The complaint was regarding corporate debt, and it took place while she was registered with Great Point Capital LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Center Street Advisors, Inc. may be liable for investment or other losses suffered by Rene Castro’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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