Patrick Tantoco: REIT Complaint Against Tantoco Financial Advisor

Honolulu financial advisor Patrick Tantoco (CRD# 5249850) is involved in an investor complaint alleging his conduct resulted in damages. Records provided by the Financial Industry Regulatory Authority indicate that he is currently a broker and an investment advisor with Royal Alliance Associates. He is also the president of Tantoco Financial.

Mr. Tantoco’s BrokerCheck report discloses one investor complaint. Filed in April 2023, it alleges that as a representative of Independent Financial Group, he recommended an unsuitable investment in a non-traded real estate investment trust. The pending complaint alleges damages of $55,000.

In a statement included with the pending complaint’s disclosure, Independent Financial Group pushed back against the claim. “A preliminary review of the customer’s information does not reveal information to support the allegations,” the firm wrote. “In addition, the Firm has numerous disclosure documents that were given to (and signed by) the customer wherein she indicated that she understood that the investment in question was risky and that there is no guarantee that it would perform as expected or that they will meet their expected goal which is generation of income.” The statement concludes by noting that Mr. Tantoco ceased affiliating with the firm in December 2016.

According to the Financial Industry Regulatory Authority, Patrick Tantoco holds 15 years of securities industry experience. Based in Honolulu, Hawaii, he has been a broker and an investment advisor with Royal Alliance Associates since 2019. He is the president of Tantoco Financial. His registration history includes MML Investors Services (2017-2019), MSI Financial Services (2016-2017), Independent Financial  Group (2013-2016), Brokers International Financial Services (2011-2013), H. Beck (2010-2011), Nwe England Securities (2010), Banc of America Investment Services (2008-2009), and Citigroup Global Markets (2007-2008). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He is licensed in California, Hawaii, Nevada, Virginia, and Washington.  (Information current as of May 27, 2023.)

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