Gustavo Miramontes Investigation
March 2022 – Los Angeles, CA
According to publicly available records Gustavo Miramontes, a stockbroker with Oppenheimer & Co., discloses 5 prior customer disputes, 5 pending customer disputes and a termination.
The Financial Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Between December 2009 and April of 2019, four customer disputes were filed against Miramonte’s prior employers alleging, among other things; misrepresentation, unauthorized transactions, negligence, failure to supervise, unsuitable recommendations, fraud, breach of fiduciary duty, violation of the securities exchange act of 1934, California Code of regulations, Violation of FINRA Rule 2110 Standards of commercial honor and principals of trade. Those cases were collectively settled for more than $600,000.
From November to December of 2021, five customer of Oppenheimer & Co. filed complaints and are currently seeking an unstated amount of damages. Allegations against Miramontes include unauthorized trading and unsuitable recommendations.
In October of 2016, Miramontes filed Chapter 7 in the U.S. Bankruptcy Court-Central District of California. He was discharged from baskruptcy in 2/2017.
Miramontes has been employed with Oppenheimer & Co., since August of 2018 . Before then he was been registered with Wedbush Securities from January 2015 until August 2018 and with Wells Fargo Advisors from June 2010 until January of 2015.
If you have questions about account handled by Gustavo Miramontes, contact us for a no charge consultation to learn about your legal options for recovery of losses.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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