Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures concerning securities broker Juan Manuel Ramos [CRD: 1956224, Downey, California]. Ramos joined Centaurus Financial Inc. on February 8, 2011. Prior to this, he worked for other firms, including Sammons Securities Company LLC and Tower Square Securities Inc. Ramos’s career has been marked by some client disputes, with allegations of unsuitable investment advice and misrepresentation. Keep reading to learn more about the specifics of the claims filed about him and how they could affect investors.
A client of Centaurus Financial Inc. filed a FINRA arbitration claim on December 19, 2023, alleging that Juan Ramos recommended illiquid real estate securities with declining values and high fees. The client is seeking $100,000 in damages in FINRA Arbitration No. 23-03450. This matter is currently pending a resolution.
In a separate case, a client initiated a claim on March 2021, alleging that Ramos recommended risky and illiquid oil and gas investments and real estate securities. Centaurus Financial settled this claim by paying the client $10,000 in damages in December 2021. FINRA Arbitration No. 21-00581.
On August 17, 2012, a client of PSP Financial Insurance Services accused Ramos of unsuitable recommendations in connection with fixed annuities. The client asked for $153,000 in damages. However, this complaint was closed with no further action taken by the client.
Another client made a complaint on May 25, 2011, concerning Ramos’s conduct while he worked for Sammons Securities Company LLC. The client claimed that a fixed annuity contract sold by Ramos in December 2010 was unsuitable and not in her best interest. The client requested $49,500 in damages, but Sammons Securities denied the complaint.
On August 22, 2003, a client of Tower Square Securities Inc. made a complaint accusing Juan Ramos of making unsuitable recommendations and misrepresenting material facts regarding mutual funds and variable annuities. The client asked for $30,500 in damages, but the firm denied the complaint.
For more information, please contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Ramos and the firms he worked for deny the accusations of sales practice violations. Soreide Law Group represents investors throughout the country. The firm handles cases on a contingency basis.
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Gregory Alan Corrie [CRD: 1982814, Boise, Idaho]. Corrie, who worked for firms including Cambridge Investment Research, Inc. from January 2020 to March 2023 and Cetera Advisors LLC from November 2017 to November 2019, is the subject of multiple adverse disclosures. Recent regulatory actions and […]
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker William Charles Burks II (also known as Bill Burks) [CRD: 2944992, Flower Mound, Texas]. William Burks has been registered with Centaurus Financial, Inc. since 2000 and has amassed over 27 years of experience in the securities industry. Recent disclosures reveal concerns about Burks’ conduct, […]
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Luke M. Johnson (also known as Luke Johnson) [CRD: 3257008, Scottsdale, Arizona]. Johnson worked for Coastal Equities, Inc. from April 2012 to December 2019. Recent disclosures reveal concerns about Johnson’s conduct, including allegations of unsuitable recommendations, misrepresentation, and regulatory violations. Coastal Equities Client Files […]
Phone:
Fax: 1-954-760-6553
Email: [email protected]