Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors might have sustained losses due to securities broker George Portilla (also known as Jorge Portilla) [CRD: 2222382, Miami Lakes, Florida], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Portilla worked for Equitable Advisors LLC from March 31, 1992, to March 9, 2021. See below to discover more about the disclosures involving Portilla.
Evidently, on January 20, 2026, an Equitable Advisors LLC client filed FINRA Arbitration No. 26-00140 about George Portilla. Mainly, the client alleged that Portilla made unsuitable recommendations involving alternative investments. For this reason, the client allegedly suffered damages. As a result, the client requested compensation from Equitable Advisors LLC or Portilla. BrokerCheck indicates that this arbitration is ongoing.
Particularly, a client of Equitable Advisors LLC contested George Portilla’s sales practices by filing FINRA Arbitration No. 24-02434. Allegedly, Portilla made unsuitable investment recommendations. It appears that Portilla allegedly caused the client to incur damages on real estate securities. Therefore, Equitable Advisors LLC agreed to settle the matter on January 2, 2026, by compensating the client in the amount of $75,000.
Also, an Equitable Advisors LLC client filed FINRA Arbitration No. 23-03300 about George Portilla. Primarily, the client alleged that Portilla gave unsuitable advice. Because of this, the client allegedly incurred damages on real estate securities. Consequently, on January 13, 2025, Equitable Advisors LLC settled this matter by paying the client $5,781.66.
Additionally, a client of Equitable Life disputed Portilla’s sales practices, according to a complaint. Allegedly, Portilla failed to follow instructions by not placing the client’s investment into a variable annuity contract with a guaranteed living benefit that would earn 6% compounded annually as requested. It appears that Portilla allegedly caused the client to experience damages. As a result, Equitable Life opted to settle the matter on December 30, 2003, by compensating the client in the amount of $29,794.88.
Did you experience losses because of George Portilla? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for individuals throughout the US. Also, our securities lawyers work on a contingency fee basis and advance all costs. Portilla and brokerage firms Portilla worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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