Plato Guerra: Pro Ace Wealth Advisor Faces ETF Complaint

A recent investor complaint alleges that Camarillo, California financial advisor Plato Guerra (CRD# 4504920) engaged in conduct that resulted in damages in a customer’s account. Records maintained by the Financial Industry Regulatory Authority show that he is a broker and an investment advisor with SagePoint Financial, operating under the brand Pro Act Wealth Solutions.

Mr. Guerra’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleges that as a representative of SagePoint Financial, he recommended an unsuitable strategy and failed to follow instructions. The pending complaint, which relates to investments in exchange-traded funds, alleges damages of $85,000.

To read further about exchange-traded fund products, which are highly complex and may not be suitable for all investors, visit our investor resource here.

According to the Financial Industry Regulatory Authority, Plato Guerra holds 21 years of securities industry experience. Based in Camarillo, California, he has been a broker and an investment advisor with SagePoint Financial since 2005 and 2012, respectively, operating under the brand Pro Act Wealth Solutions. He was previously registered with SunAmerica Securities in Phoenix, Arizona from 2002 until 2005. 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 Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Indiana, Missouri, Montana, Nevada, New York, Oregon, Tennessee, Texas, Utah, Washington, and Wyoming. (Information current as of June 11, 2023.)

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