Investigation Alert: Understanding Investor Complaints Against Alvaro Jiron of LPL Financial
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Haselkorn & Thibaut has opened an investigation into Coral Gables financial advisor Alvaro Jiron (CRD# 4226147) following recent investor complaints regarding alleged investment misrepresentations. If you’ve worked with Mr. Jiron or have concerns about your investments, understanding these allegations and recognizing potential red flags can help protect your financial future.
Who is Alvaro Jiron?
Alvaro Jiron currently serves as a Senior Vice President and Financial Consultant at LPL Financial, operating under South State Investment Services in Coral Gables, Florida. With 19 years of securities industry experience, he holds multiple securities licenses and has worked with several major financial institutions throughout his career.
Professional Background at a Glance:
| Current Position | Senior VP & Financial Consultant |
| Current Firm | LPL Financial/South State Investment Services |
| Years of Experience | 19 years |
| Licensed States | Florida, Georgia, New York |
Understanding the Recent Investor Complaints
Two significant investor complaints have been filed against Alvaro Jiron, both occurring during his time at Infinex Investments. These complaints raise important questions about investment practices and disclosure obligations that every investor should understand.
August 2025 Complaint: Offshore Annuity Misrepresentation
The most recent complaint involves allegations that Mr. Jiron misrepresented an offshore annuity as a safe and secure investment. This pending complaint seeks damages between $100,000 and $500,000. When advisors recommend complex products like offshore annuities, they have a duty to fully explain the risks, fees, and limitations associated with these investments.
Offshore annuities often carry unique risks that differ from domestic products, including:
- Currency exchange rate fluctuations
- Different regulatory protections
- Tax implications
- Liquidity restrictions
- Political and economic risks of foreign jurisdictions
2023 Complaint: Mutual Fund Liquidity Disclosure
An earlier complaint alleged that Mr. Jiron failed to inform a client that a mutual fund could only be tendered quarterly. While this complaint was denied by the firm, it highlights the importance of understanding liquidity restrictions before investing. The complaint sought damages of $125,350.79.
Red Flags Investors Should Watch For
These complaints against Alvaro Jiron underscore several warning signs that investors should monitor when working with any financial advisor:
1. Lack of Clear Risk Disclosure
Every investment carries risk. If your advisor describes any investment as completely “safe” or “guaranteed,” especially complex products like offshore annuities, this should raise immediate concerns. Proper risk disclosure is not just good practice—it’s a regulatory requirement.
2. Inadequate Explanation of Investment Terms
Understanding when and how you can access your money is fundamental. Any restrictions on liquidity, redemption schedules, or surrender penalties should be clearly explained before you invest.
3. Pattern of Complaints
Multiple complaints, even if some are denied, may indicate ongoing issues with communication, disclosure, or investment recommendations. Two complaints within a two-year period warrants careful consideration.
4. Complex Products Without Clear Justification
Offshore annuities and restricted mutual funds are sophisticated products that may not be suitable for all investors. Your advisor should clearly explain why such products align with your specific financial goals and risk tolerance.
What Should Concerned Investors Do?
If you’ve worked with Alvaro Jiron or have investments through LPL Financial/South State Investment Services, consider taking these steps:
Review Your Investment Documentation
- Examine all account statements and confirmations
- Look for discrepancies between what was promised and what was delivered
- Check if all risks and restrictions were properly disclosed
- Verify that your investments align with your stated objectives
Document Your Experience
- Gather all emails, letters, and notes from meetings
- Create a timeline of investment recommendations and transactions
- Note any verbal promises or representations made
- Calculate any losses or unexpected fees
Seek Professional Guidance
Investment fraud and misrepresentation cases require specialized expertise. Understanding your rights and options is crucial for protecting your financial interests.
Why Time Matters in Investment Disputes
Investment claims are subject to strict time limitations. The sooner you act, the better positioned you’ll be to recover potential losses. Waiting too long could mean losing your right to pursue a claim, regardless of its merit.
How Haselkorn & Thibaut Can Help
With over 50 years of experience in securities law, Haselkorn & Thibaut has achieved a 98% success rate in helping investors recover millions in losses. The firm operates on a “no recovery, no fee” basis, meaning you pay nothing unless they successfully recover funds for you.
Investment losses can be devastating, affecting retirement plans, educational funding, and financial security. You deserve answers and, if appropriate, recovery of your losses.
Take Action Today
If you’ve invested with Alvaro Jiron or have concerns about your LPL Financial investments, don’t wait. Contact Haselkorn & Thibaut for a free, confidential consultation.
Call 1-888-628-5590 or visit investmentfraudlawyers.com
Remember, seeking legal advice doesn’t mean you’re committing to litigation. It simply means you’re taking steps to understand your rights and protect your financial future. The consultation is free, and the firm’s contingency fee structure means you have nothing to lose by exploring your options.
