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Greg Ramirez: $150K Complaint Against Ex-Cabin Securities Broker
Laguna Hills, California financial advisor Greg Ramirez (CRD# 2883461) is involved in an investor complaint alleging that his handling of a customer’s account resulted in six-figure damages. Records provided by the Financial Industry Regulatory Authority and the Securities and Exchange Commission indicate that the former Cabin Securities broker is currently an investment advisor with Advisors On Call.
Mr. Ramirez’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in October 2022, alleges that as a representative of Cabin Securities, he mishandled the customer’s assets by failing to properly diversify their portfolio and by recommending unsuitable investments in non-traded real estate investment trusts and other products. The pending complaint alleges damages of $150,000.
A second investor complaint, filed in 2018, alleged that as a representative of National Securities Corporation, he engaged in negligence, misrepresented material facts, omitted a material fact, breached contract, and breached his fiduciary duty. In 2020 the complaint reached a settlement of $15,000. In a statement included with the complaint’s disclosure, Mr. Ramirez defended himself against the claim, writing in part: “This single investment occurred over 10 years ago at my former broker/dealer firm. I am no longer registered with any broker/dealer firm and I deny all allegations made by my former client’s son who is now bringing this arbitration.”
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Greg Ramirez holds 24 years of securities industry experience. Based in Laguna Hills, California, he has been an investment advisor with Advisors On Call since 2021 and is not currently registered as a broker. His registration history includes Claraphi Advisory Network, Cabin Securities, Silber Bennett Financial, Richfield Orion International, Brokers International Financial Services, OpVest Wealth Management, Vision, National Asset Management, National Securities Corporation, Wells Fargo Investments, Cuna Brokerage Services, and Cal Fed Investments. 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 currently licensed as an investment advisor in California and Wisconsin. (Information current as of January 14, 2023.)
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