Gerardo Castillo Investigation
March 2022- Miami, FL
The FINRA records of Gerardo Ivan Castillo, a broker with Insigneo Securities and who formerly worked for Wells Fargo Clearing Services, disclose a prior customer dispute.
The Financial Industry 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.
In 12/2019, FINRA case #19-03607 was filed by a Wells Fargo Clearing Services customer alleging that Castillo excessively traded their account and misrepresented the account for the primary purpose of generating commissions. That case was settled in the amount of $125,000.
Gerardo Castillo has been employed with Insigneo Securities/Advisory Services since June of 2018. Before that time he was with Wells Fargo Clearing Services, Citigroup Global Markets and Citicorp Investment Services.
If you have questions about an account handled by Gerardo Castillo, call for a no charge consultation to learn more about your legal options.
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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