LINO JOE GUTIERREZ formerly of Merrill Lynch

The South Florida-based Soreide Law Group has been made aware of the disclosures on the FINRA BrokerCheck CRD report of Florida broker/investment advisor,

LINO JOE GUTIERREZ (JOE GUTIERREZ, LINO M GUTIERREZ, LINO GUTIERREZ, LINO J GUTIERREZ).

LINO JOE GUTIERREZ was registered a broker with MERRILL LYNCH PIERCE FENNER & SMITH INC of Stuart, Florida from 06/29/2017 - 05/01/2025. Before Merrill Lynch, LINO JOE GUTIERREZ was registered with WELLS FARGO CLEARING SERVICES LLC of Jupiter, Florida from 08/09/2013 - 07/06/2017.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, LINO JOE GUTIERREZ has 16 years of experience in the securities industry and has been listed with 4 firms. Gutierrez is currently not registered with any FINRA firm and was previously registered both as a broker and as an investment advisor. FINRA's BrokerCheck lists 3 disclosures on Gutierrez CRD report. 

There is a pending “Criminal” disclosure filed against LINO JOE GUTIERREZ dated 4/28/2025 with the charge of, “Healthcare Fraud,” and the disposition listed as, “Convicted.” Additionally, in the same disclosure there is another charge listed as, “Conspiracy to Violate the Federal Anti-Kickback Statute,” with the disposition listed as, “Convicted.” Another charge is listed as, “Payment of Kickbacks in Connect with A Federal Health Care Program,” with the disposition listed as “Convicted.” The last charge listed in this disclosure is, “Attempt and Conspiracy to commit Health Care Fraud and Wire Fraud,” with the disposition of, “Convicted.”

There is an “Investigation” disclosure initiated by FINRA dated 12/20/2024 listed on LINO JOE GUTIERREZ FINRA CRD report. The description of the investigation is as follows: “FINRA Case #20230798585. On December 20, 2024, FINRA made a preliminary determination that formal disciplinary actions be brought against Lino Gutierrez alleging violation of FINRA Rules 3270 and 2010 in that he engaged in outside business activity without providing prior written notice to his firm.”

The third disclosure on the BrokerCheck report filed against LINO JOE GUTIERREZ is a “Customer Dispute” dated 9/4/2024.  This dispute is pending.  The allegations are, “Client alleges Representative did not act in her best interest in 2020.” The damage amount requested is $1,000,000.00.

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