Investors potentially experienced sales practice violations by securities broker Eric Jose Garcia [CRD: 5909532, Miami, Florida], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Garcia worked for Osaic Institutions Inc. beginning on July 1, 2016, as a broker and March 13, 2017, as an investment adviser. Read on to find out more about Garcia’s disclosures.
Notably, on September 29, 2025, an Essex National Securities Inc. client filed FINRA Arbitration No. 25-02056 about Eric Garcia. Mainly, the client alleged that Garcia made misrepresentations by not disclosing that a real estate security was risky, illiquid, and complex. For this reason, the client allegedly incurred damages linked to real estate securities. As a result, the client requested $75,000 in compensation from Essex National Securities Inc. or Garcia. It appears that this arbitration is awaiting a resolution.
Particularly, a client of Essex National Securities LLC disputed Eric Garcia’s sales practices by filing FINRA Arbitration No. 24-00626. Allegedly, Garcia failed to perform due diligence. It appears that Garcia allegedly caused the client to sustain damages connected to fixed annuities and offshore annuities. Consequently, Essex National Securities LLC opted to settle the matter on September 23, 2024, by compensating the client in the amount of $40,000.
Also, an Essex National Securities LLC client filed FINRA Arbitration No. 23-00973 about Eric Garcia. Primarily, the client alleged that Garcia breached his fiduciary duty, made omissions, and made misrepresentations. Because of this, the client allegedly experienced damages associated with offshore annuities. Therefore, on July 10, 2024, Essex National Securities LLC settled this matter by paying the client $160,000 in damages.
Specifically, a client of Infinex Investments Inc. contested Eric Garcia’s sales practices by filing FINRA Arbitration No. 22-02361. Allegedly, Garcia made unsuitable recommendations and recommended an offshore annuity despite the client seeking preservation of capital. It appears that Garcia allegedly caused the investor to sustain damages on fixed annuities and offshore annuities. As a result, Infinex Investments Inc. opted to settle the matter on March 6, 2024, by compensating the client in the amount of $50,000.
Are you concerned regarding investments you made with Eric Garcia? You can get in touch with Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Garcia and brokerage firms Garcia worked for deny allegations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
Phone:
Fax: 1-954-760-6553
Email: [email protected]