Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

New Options Complaint Against EFG Capital’s Eduardo Da Cruz

Miami financial advisor Eduardo Da Cruz (CRD# 5578693) is involved in an investor complaint alleging more than $4 million in damages relating to an options strategy. Financial Industry Regulatory Authority records show that he is a broker with EFG Capital International, where he serves as Head of Client Solutions.

Mr. Da Cruz’s BrokerCheck report discloses one investor complaint. Filed in November 2021, it alleges that EFG Capital International “failed to provide the expected and agreed upon level of service specifically with regards to complex option trading,” resulting in losses in the client’s account. The pending complaint alleges damages of $4.1 million.

EFG Capital International has been involved in five regulatory enforcement actions, according to the firm’s BrokerCheck report. The most recent is a 2018 FINRA sanction finding that the firm failed to establish and implement an adequate supervisory system or anti-money laundering program, allegedly failing to identify and investigate multiple red flags of money-laundering and “potentially suspicious patterns of outgoing wire transfer activity in the Swiss bank accounts” of firm customers. The firm was censured and ordered to pay a fine of $800,000. More information on EFG Capital International’s regulatory history is available via FINRA.

According to the Financial Industry Regulatory Authority, Eduardo Da Cruz holds 11 years of securities industry experience. Based in Miami, Florida, he has been a broker with EFG Capital International since 2017. His past registrations include Citi international Financial Services (San Juan, Puerto Rico; 2017), Citigroup Financial Markets (Miami, Florida; 2013-2017), and Itau Europa Securities (Miami, Florida; 2009-2011). His credentials include the passage of three securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He is licensed as a broker in Florida. (Information current as of July 6, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Larry Stringer, Hendersonville Advisor, Lands Suitability Complaint

    Multiple investor complaints against Capital Investment Group’s Larry Stringer (CRD# 1996822) allege misconduct relating to real estate investments. Records provided...

    Read More
  • AG Saab: GWG L Bond Allegations against The Fig Group

    Dallas, Texas financial advisor AG Saab (CRD# 408501) is involved in an investor complaint concerning purchases of GWG L bonds....

    Read More
  • Why Did MS Howells Fire Tucson Advisor Justin Limmer?

    Ashton Thomas Private Wealth advisor Justin Limmer (CRD# 3179262) was recently terminated by MS Howells & Company in connection with...

    Read More
  • Paul Meyer: Did RBC Advisor Make Unauthorized Trades?

    Paul Meyer (CRD# 3062534), an advisor based in Minnetonka, recently received investor complaints alleging he engaged in misconduct that resulted...

    Read More
  • Previous
  • Next