Investors File Disputes About Ricardo Guimaraes

Soreide Law Group is investigating possible investor claims against securities broker Ricardo Guimaraes [CRD: 5442981, St. Louis, Missouri]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for UBS Financial Services Inc. Here is a brief summary of the disclosures about Guimaraes.

Ricardo Guimaraes Disclosed Unsuitable Recommendations Allegations By UBS Financial Services Inc. Client

Evidently, a client of UBS Financial Services Inc. contested Ricardo Guimaraes’ sales practices by filing FINRA Arbitration: 19-01301. Allegedly, Guimaraes made unsuitable recommendations. It appears that the bond transactions resulted in damages. Therefore, UBS Financial Services Inc. opted to settle the matter on January 28, 2020, by compensating the client in the amount of $57,000.

Wells Fargo Clearing Services LLC Investor Accused Guimaraes Of Unsuitable Recommendations

Also, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration: 17-02275 about Ricardo Guimaraes. Namely, the client alleged that Guimaraes made unsuitable recommendations. Because of this, the client allegedly sustained damages on investments. Therefore, on October 1, 2018, Wells Fargo Clearing Services LLC settled this matter by paying the client $81,250 in damages.

Guimaraes Employment Information

• Guimaraes worked for Wells Fargo Clearing Services LLC in Miami, FL, as a securities broker from October of 2015 to March of 2021.
• Guimaraes worked for Wells Fargo Clearing Services LLC in St. Louis, MO, as a financial advisor from October of 2015 to March of 2021.
• Guimaraes has worked for Morgan Stanley in Miami, FL, as a securities broker since March 15, 2021.
• Guimaraes has worked for Morgan Stanley in Miami, FL, as a financial advisor since March 17, 2021.

Did UBS Financial Services Inc. Securities Broker Ricardo Guimaraes Cause You To Experience Damages?

Have you suffered damages by investing with Ricardo Guimaraes? If so, contact Soreide Law Group at (888) 760-6552 and consult with a securities lawyer regarding a possible recovery of your investment losses or other damages. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Guimaraes and brokerage firms Guimaraes worked for deny all allegations of sales practice violations.