Investor Alert: FLG is investigating claims against Gustavo Santos Miramontes for unauthorized trading

Furgison Law Group is investigating claims against Oppenheimer & Co. related to unauthorized trading

The securities fraud lawyers at Furgison Law Group are currently investigating claims against OPPENHEIMER & CO. INC. (CRD# 249) related to investment recommendations made by Gustavo Santos Miramontes (CRD# 2338966) of Los Angeles, California. Our investment fraud attorneys are investigating allegations of unauthorized trading, breach of fiduciary duty, unsuitable investment recommendations, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct.

Previous Allegations of Misconduct

Gustavo Miramontes’ FINRA BrokerCheck Report lists eleven (11) other customer complaints involving similar allegations of misconduct by Gustavo Miramontes. According to the BrokerCheck Report, nine of the eleven customer complaints have been settled for substantial sums. The most recent customer complaint from September 27, 2023, is still pending at the time of this post. Mr. Miramontes’ CRD report also lists a bankruptcy filing in 2016, a criminal theft conviction and employment termination in 1994.

These types of complaints and other reportable events are serious red flags that evidence a pattern of misconduct, including unauthorized trading and unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Gustavo Miramontes or Oppenheimer & Co., please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.