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Ex-SunTrust Advisor Angelita Fuentes: GIC Investment Complaints
Recent investor complaints against Miami financial advisor Angelita Fuentes (CRD# 5609340) allege that she recommended unsuitable investments in GIC. Records maintained by the Financial Industry Regulatory Authority show that she is a broker and an investment advisor with Investment Placement Group, having previously been registered with SunTrust Investment Services.
Ms. Fuentes’s BrokerCheck report discloses two investor complaints. Both were filed in 2021 and allege that as a representative of SunTrust Investment Services, she recommended an unsuitable investment in GIC. One complaint settled in April 2022 for $198,500, while the other settled in September 2022 for $293,000.
Securities industry records indicate that Ms. Fuentes is one of multiple advisors previously affiliated with SunTrust Investment Services who have received complaints regarding GIC investments in recent years. Manny Fernandez, a Truist Investment Services representative formerly affiliated with SunTrust Investment Services, has received four investor complaints detailing allegations he recommended unsuitable investments in GIC, according to his BrokerCheck report. One such complaint settled for $300,000, while the other three are pending and allege cumulative damages of more than $1.5 million. Additionally, Pedro Escobar, an Ameriprise advisor formerly registered with SunTrust, allegedly recommended an unsuitable GIC investment that resulted in damages between $100,000 and $500,000, according to a pending complaint listed on his BrokerCheck report.
According to the Financial Industry Regulatory Authority, Angelita Fuentes holds 13 years of securities industry experience. Based in Miami, Florida, she has been a broker and an investment advisor with Investment Placement Group since 2021. She was previously registered with SunTrust Investment Services from 2008 until 2020. Her credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. She is licensed in the District of Columbia, Florida, Georgia, and Texas. (Information current as of December 26, 2022.)
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