Close Menu
Free Consultation: 888-976-6111

Manuel Ramos: $100K Complaint Against Centaurus Advisor

Downey, California financial advisor Manuel Ramos (CRD# 1956224) recently received an investor complaint alleging that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, doing business as Ramos Consulting and Wealth Management.

Mr. Ramos’s BrokerCheck report discloses several investor complaints. The most recent, filed in July 2023, alleges that as a Centaurus Financial Representative, he “recommended illiquid investments with declining values and high fees.” The pending complaint alleges damages of $100,000.

In a statement included with the pending complaint’s disclosure, Mr. Ramos defended himself against the allegations, which he described as meritless. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after his review of all material documentation related to the investment,” he wrote. “The customer confirmed in writing that they not only received the requisite investment documentation/disclosures, but that he fully understood the characteristics and risks of the investments. At all times, I put the customer’s interest first and I will vigorously defend this matter to the fullest extent of the law.”

An earlier investor complaint, file din 2021, alleged that he recommended “high-risk, illiquid investments” in oil and gas products and real estate securities. The complaint, which Mr. Ramos made a statement “vehemently” denying, reached a settlement of $10,000.

According to the Financial Industry Regulatory Authority, Manuel Ramos holds 33 years of securities industry experience. Based in Downey, California, he has been a broker and an investment advisor with Centaurus Financial since 2011, doing business as Ramos Consulting and Wealth Management. His past registrations include Sammons Securities Company (Downey, California; 2006-2011), Tower Square Securities (Downey, California; 1996-2006), Advantage Capital Corporation (Atlanta, Georgia; 1994-1996), Pruco Securities Corporation (Newark, New Jersey; 1989-1994), and the Prudential Life Insurance Company (Newark, New Jersey; 1989-1993). His credentials include the passage of four 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; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 28 state licenses. (Information current as of August 5, 2023.)

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
  • Jordan Awoye: $310K Complaint Against Former Equitable Advisor

    New York financial advisor Jordan Awoye (CRD# 6600772) recently received an investor complaint alleging that his conduct resulted in damages...

    Read More
  • Brian Beh: FINRA Investigates Frontier Solutions Advisor

    Richmond, Virginia financial advisor Brian Beh (CRD# 1500962) is under investigation by financial industry regulators in connection with alleged rule...

    Read More
  • Mike Shatsky: Sky Alpha Advisor Receives $788K Complaint

    Boca Raton financial advisor Mike Shatsky (CRD# 2430683) recently received an investor complaint alleging that he misrepresented an investment, resulting...

    Read More
  • Chad Bridgers: Cabot Lodge Advisor Faces $400K GWG L-Bond Complaint

    Fayetteville, Arkansas financial advisor Chad Bridgers (CRD# 2475641) recently received an investor complaint alleging that a GWG L-bond investment resulted...

    Read More
  • Previous
  • Next