Soreide Law Group is investigating possible investor claims against Ray Anthony Garrido San Pedro (CRD: 4565686, Miami, Florida). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for National Securities Corp. Evidently, one or more investors alleged misconduct in these disputes, including that San Pedro made unsuitable recommendations. Here is a brief summary of the disclosures about San Pedro.
San Pedro Disclosed Unsuitable Recommendations Allegations By National Securities Corp. Client
Particularly, a client of National Securities Corp. contested Ray San Pedro’s sales practices by filing FINRA Arbitration: 20-03786. Allegedly, San Pedro provided unsuitable advice. It appears that San Pedro caused the client to sustain damages on private placements. Therefore, National Securities Corp. opted to settle the matter on October 12, 2021, by compensating the client in the amount of $75,000.
National Securities Corp. Investor Accused Ray San Pedro Of Breach Of Fiduciary Duty
Also, a National Securities Corp. client filed FINRA Arbitration: 19-02592 about Ray San Pedro. Namely, the client alleged that San Pedro made unsuitable recommendations, breached a fiduciary duty, and was negligent. Because of this, the client allegedly sustained damages on private placements. Therefore, on October 6, 2021, National Securities Corp. settled this matter by paying the client $35,000 in damages.
San Pedro Disclosed Unsuitable Advice Allegations By National Securities Corp. Client
Specifically, a client of National Securities Corp. contested Ray San Pedro’s sales practices, according to a complaint dated July 7, 2014. Allegedly, San Pedro provided unsuitable advice. Supposedly, San Pedro caused the client to sustain damages on over-the-counter equities. Therefore, the client sought compensatory relief from National Securities Corp. or San Pedro in the amount of $6,775 in this matter. However, the securities firm denied this complaint.
National Securities Inc. Investor Accused Ray San Pedro Of Failure To Follow Instructions
Also, a National Securities Inc. client filed a complaint about Ray San Pedro. Namely, the client alleged that San Pedro failed to follow instructions. Because of this, the client allegedly sustained damages on over-the-counter equities. Therefore, on January 10, 2013, National Securities Inc. settled this matter by paying the client $17,000 in damages.
San Pedro worked for National Securities Corp. as a securities broker from May 2008 to July 2022. He has worked for Arete Wealth Management LLC July 2022.
Damages Resulting From National Securities Corp. Securities Broker Ray San Pedro?
Did you suffer damages because of broker Ray San Pedro? If so, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for investors within all 50 states, represents clients on a contingency fee basis and advances all costs. San Pedro and brokerage firms San Pedro worked for deny any and all allegations of sales practice violations.
