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Gonzalo Ruiz: $950K Complaint Against Ocean Financial Advisor
Miami financial advisor Gonzalo Ruiz (CRD# 1889804) recently received an investor complaint alleging his conduct resulted in damages of more than $900,000. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Ocean Financial Services and Ocean Financial Advisors, respectively.
Mr. Ruiz’s BrokerCheck report discloses one investor complaint. The most recent, filed in June 2021, alleged that he “misrepresented the risks of an offshore investment product” and that his recommendation was unsuitable for the investors, resulting “in an over[-]concentration in their portfolio.” The pending complaint alleges damages of $950,000. More information about over-concentration, also known as lack of diversification, is available via our investor resource and FINRA’s investor resources.
According to the Financial Industry Regulatory Authority, Gonzalo Ruiz holds 20 years of securities industry experience. Based in Miami, Florida, he has been a broker with Ocean Financial Services since 2014 and an investment advisor with Ocean Financial Advisors since 2019. His past registrations include American Express Financial Advisors (Minneapolis, Minnesota; 2002-2003), IDS Life Insurance Company (Minneapolis, Minnesota; 2002-2003), Deutsche Banc Alex Brown (New York, New York; 2001), and PFS Investments (Duluth, Georgia; 1988-1998). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California and Florida. (Information current as of December 26, 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.