Close Menu
Free Consultation: 888-976-6111

Luis Garcia: Miami Advisor Had Suitability Complaint

Luis Garcia (CRD# 4143376), a Miami broker and financial advisor, recently received an investor complaint that was denied by his member firm. Financial Industry Regulatory Authority records show that he is a representative of Oppenheimer & Company. 

Mr. Garcia’s BrokerCheck report discloses a single investor complaint. Filed in January 2022, the complaint alleged that as a representative of Oppenheimer & Company, he recommended unsuitable investments in common and preferred stock products between 2019 and 2022. For reference, unsuitable investments are described by FINRA Rule 2111 as those inappropriate for a customer’s investment profile, which includes their investment objectives, investment experience, age, financial situation, other investments, risk tolerance, and liquidity needs. The complaint alleged damages of $74,000 before it was denied by the firm in February 2022.

According to the Financial Industry Regulatory Authority, Luis Garcia holds 22 years of securities industry experience. Based in Miami, Florida, he has been a representative of Oppenheimer & Company since 2015. His past registrations include RBC Capital Markets (Miami, Florida; 2013-2015) and Merrill Lynch (Miami, Florida; 2000-2013). His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He is licensed in California, Colorado, Florida, New York, Oregon, and Texas. His self-regulatory organization (SRO) registrations include the CBOE Exchange, FINRA, NYSE American, NYSE Arca, NYSE Chicago, Nasdaq ISE, Nasdaq PHLX, the Nasdaq Stock Market, and the New York Stock Exchange. (Information current as of May 17, 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
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Steve Bransburg: Gradient Advisor Fired by AllState

    Conroe, Texas financial advisor Steve Bransburg (CRD# 1003470) was recently terminated by a former member firm in connection with alleged...

    Read More
  • Leonard Suskind: UBS Advisor Received $1.5mm Complaint

    A recent, denied investor complaint against Hallandale Beach, Florida financial advisor Leonard Suskind (CRD# 1140599) alleged that his conduct resulted...

    Read More
  • Fred Hilton: $500K Complaint Against LPL Advisor

    Gainesville, Florida financial advisor Fred Hilton (CRD# 2161935) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry...

    Read More
  • Walter Schram: Ameriprise Advisor Lands $300K Complaint

    A recent investor complaint against Farmington Hills, Michigan financial advisor Walter Schram (CRD# 1728096) alleges that his conduct resulted in...

    Read More
  • Previous
  • Next