Antonio Moreno Involved in a Half-Million Dollar Dispute

Antonio Moreno (CRD #: 2251158), a broker registered with IFP Securities, allegedly recommended unsuitable GWG L Bonds, according to his BrokerCheck record, accessed on September 2, 2022. Investors may have also worked with him through Independent Financial Partners. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

Multiple investors filed a dispute on June 21, 2022, alleging that Antonio Moreno recommended unsuitable investments offered by GWG Holdings that were speculative and non-conventional. They further allege that these recommendations were negligent. The clients seek $500,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consult an investor’s profile when recommending investments. An investor’s profile contains information on their tax status, age, and investment goals.

What is broker negligence?

Brokers may act in many negligent ways, including by recommending unsuitable investments, omitting information, or failing to supervise.

Investors who believe their losses are the result of broker negligence can seek out FINRA arbitration and potentially recover their losses.

Background Information

Antonio Moreno has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Antonio Moreno is a registered broker in 14 states and a registered investment adviser in 13 states.

He has also worked for LPL Financial (CRD#:6413) and WS Griffith Securities (CRD#:10410).

Kurta Law Can Help

If you worked with Antonio Moreno and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.