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.
Investors have reportedly disputed the sales practices of securities broker Christiana O. Webb (also known as Christina Webb) [CRD: 5116707, Atlanta, Georgia], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Webb worked for Morgan Stanley from June 1, 2009, to September 10, 2024, before registering with Truist Investment Services Inc. on November 14, […]
Investors apparently complained about securities broker Richard Francis Simonitis Jr. [CRD: 2263459, North Royalton, Ohio], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Richard Simonitis has been registered with LPL Financial LLC since February 26, 2007, as a broker and since February 27, 2007, as a financial advisor. See the following information to […]
Investors might have sustained losses due to securities broker Kevin Michael Ross [CRD: 2290136, Charlotte, North Carolina], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kevin Ross worked for Bridgeway Wealth Partners LLC from August 24, 2020, to December 31, 2023, and later for Cape Securities Inc. from December 7, 2023, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com