Close Menu
Free Consultation: 888-976-6111

David Garcia Cirilo: Morgan Stanley Financial Advisor Has 11 Customer Complaints

David Garcia Cirilo, a Morgan Stanley financial advisor in the Miami, Florida office, has 11 customer complaints against him. The 11 complaints contain allegations of combined damages exceeding $14 million. Almost every complaint, except for a complaint dating back to 2009, appear to relate to Puerto Rico municipal bonds. Ten of the complaints are from June 2014 to August 2017.

The largest complaint, dated August 11, 2015, alleged $4.7 million of damages relating to claims of unsuitability, overconcentration and misrepresentations involving closed-end funds. That complaint settled for $1.9 million. Other large complaints are still pending, including a $2.2 million complaint dated December 13, 2016, alleging “unsuitability, overconcentration, violations of the securities laws, fraud, breach of good faith and fair dealing, breach of contract, and breach of fiduciary duties (Puerto Rico bonds and closed-end funds).”

A July 6, 2015, complaint alleging $3,000,000 in damages relating to Puerto Rico municipal bonds and closed-end funds settled for $575,000. One complaint in 2014 alleging $500,000 of damages settled for $200,000. Several other claims are still pending, including a $699,000 claim and a $1,000,000 claim.

David Garcia Cirilo has been a financial advisor with Morgan Stanley since April 2014. Prior to working with Morgan Stanley, he was employed with Santander Securities from 2006 through 2014. Prior to Santander, Garcia Cirilo was employed with UBS Financial Services in Puerto Rico.

If you lost money due to unsuitable investments, please call us at 888-976-6111 for a free consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • MML’s Michael Yoon Has $500K Unauthorized Trading Complaint

    Los Angeles financial advisor Michael Yoon (CRD# 6348923) allegedly made unsuitable investment recommendations and unauthorized trades, according to a new...

    Read More
  • Daniel Joyce: GWG L Bond Complaint Against WestPark Advisor

    New York City financial advisor Daniel Joyce (CRD# 1112928) allegedly provided misleading information regarding investments in GWG L bonds, according...

    Read More
  • RBC Advisor Martin Klein: Complaints Allege $34 Million Losses

    Pending investor complaints against Newport Beach financial advisor Martin Klein (CRD# 1778613) allege that his investment advice resulted in damages...

    Read More
  • Kingswood Advisor Brady Fuchs Receives Oil & Gas Complaint

    San Diego financial advisor Brady Fuchs (CRD# 3203016) has received an investor complaint alleging that his conduct resulted in five-figure...

    Read More
  • Previous
  • Next