Gilberto Briseno Involved In LPL Investor Disputes

Investors File Disputes About Broker Gilberto Briseno's Investment Recommendations At LPL Financial

Soreide Law Group is examining whether to file disputes on behalf of investors against securities broker Gilberto Briseno (CRD#: 1939355, Boutte, Louisiana). Evidently, the Financial Industry Regulatory Authority (“FINRA”) reports that three investors took issue with Briseno’s sales practices. Read on to learn more about what these investors allege in these disputes, and about what you could do if you sustained losses because of him.

LPL Financial Client Indicates Unsuitable Recommendations In Dispute About Gilberto Briseno

Evidently, Gilberto Briseno worked for securities firm LPL Financial from 2012 to 2017.  Apparently, he was a financial advisor from 2012 to 2014, and a securities broker from 2012 to 2017. The first dispute concerns an LPL Financial client who alleged that Briseno provided bad advice. In this November 2020 FINRA Arbitration Claim, the client claimed that Briseno’s recommendations of a variable annuity and real estate security resulted in damages. Because of this, LPL Financial opted to settle with the client through making a $30,000 payment.

Client Of LPL Financial Contends That Briseno Misrepresented Information About Investments

Also, a client of LPL Financial LLC took issue with Gilberto Briseno through a November 2020 lawsuit. Similar to the first dispute, this client alleges that Briseno provided unreasonable advice about REITs and annuities. However, this investor also claimed that the securities broker misrepresented important information in connection with the client’s investment purchases. For this reason, LPL Financial opted to settle with the client through making a $45,000 payment.

FSC Securities Corporation Client Alleges Misrepresentation In Dispute About Gilberto Briseno

Prior to joining LPL Financial, Gilberto Briseno worked for FSC Securities Corporation as both a securities broker and financial advisor. Reportedly, a client of FSC Securities Corporation contested his sales practices. Notably, the February 2020 lawsuit alleges that Briseno made improper recommendations and had misrepresented investment-related information. It seems that the client incurred damages on investments in annuities and REITs. Evidently, FSC Securities Corporation paid the client $15,000 to settle this matter.

Did You Experience Losses By Investing Through Briseno?

Have you experienced losses because of Gilberto Briseno? If so, contact Soreide Law Group at (888) 760-6552 and speak with our securities attorney about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who fallen victim to financial advisor and securities broker misconduct. FINRA BrokerCheck indicates that Briseno denies all allegations of his sales practice violations.
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