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Read MoreSteve Berrocal: Northstar Complaints Against Truist Rep
Coral Gables, Florida-based broker and investment adviser Steve Berrocal (CRD#: 3071400) has received several pending customer complaints alleging he recommended unsuitable investments that resulted in six-figure losses to investors. According to records provided by the Financial Industry Regulatory Authority (FINRA), Berrocal is currently a representative of Truist Investment Services.
Steve Berrocal’s BrokerCheck report lists three pending customer complaints against him.
A complaint filed in April 2021 alleges that as a representative of SunTrust Investment Services, he recommended an unsuitable investment in Northstar GIC; the pending complaint alleges unspecified damages.
A March 2021 complaint alleges that as a representative of Truist Investment Services, Stephen Berrocal unsuitably recommended investments in GIC; the pending complaint alleges damages of $626,111.68.
A third complaint, filed in 2020, alleges that as a representative of SunTrust, Berrocal recommended unsuitable investments in Northstar GIC; the pending complaint alleges damages of $500,000.
According to Financial Industry Regulatory Authority records, Steve Berrocal has been registered with Truist Investment Services since 2013. Before that he was registered with SunTrust Investment Services in Key Biscayne, Florida and Miami, Florida; JP Morgan Securities in Miami, Florida; Chase Investment Services in Miami, Florida; Wells Fargo Advisors in Coral Gables, Florida; A.G. Edwards & Sons in Coral Gables, Florida; and Sterling Financial Investment Group in Boca Raton, Florida. He has passed five securities industry qualifying examinations: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is registered as a broker and investment adviser in Florida, and as a broker in California, Georgia, Massachusetts, Nevada, Puerto Rico, Tennessee, and Texas. (Information current as of June 6, 2021.)
