Charles Henry Garrido (CRD #1191231) Has Been the Subject of Customer Dispute Disclosures
Charles Henry Garrido (CRD #1191231) has been the subject of disclosure events reported on Charles Henry Garrido’s FINRA BrokerCheck. According to Charles Henry Garrido’s FINRA BrokerCheck report accessed on January 12, 2026, Charles Henry Garrido has been the subject of four customer dispute disclosures, including one arbitration award/judgment disclosure and three settled customer disputes. If you invested with Charles Henry Garrido and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor disputes / customer complaints
Charles Garrido’s FINRA BrokerCheck report reflects four customer dispute disclosures. Below are two examples:
Example 1 (Settled): The report reflects a customer dispute received on December 30, 2024 involving A.G.P. / Alliance Global Partners. The disclosure states: Client alleges a lack of due diligence in recommending the purchase of a debt security. The product type is listed as Other: Bonds. Alleged damages are reported as $150,000.00, and the settlement amount is reported as $70,000.00 (status date June 10, 2025). The disclosure also lists the arbitration forum as FINRA with docket/case number 24-02719 and a filing date of December 30, 2024.
Example 2 (Arbitration Award / Judgment): Charles Garrido’s FINRA BrokerCheck report reflects an arbitration award/judgment disclosure identified as NASD – Case #04-00385. The allegations listed include: breach of fiduciary duty, constructive fraud, omission of fact, misrepresentations, and suitability. The product type is listed as Other (stocks). Alleged damages are reported as $1,000,000.00 (alleged), and the disclosure reflects an award dated December 28, 2004 with disposition detail including $678,633.00 in compensatory damages (award). The underlying arbitration award search is available here: Award (NASD Dispute Resolution).
In addition to the two examples above, Charles Garrido’s FINRA BrokerCheck report reflects two other customer dispute disclosures.
Rule summary #1: FINRA Rule 2111 (Suitability)
FINRA Rule 2111 addresses suitability concepts. In general, it requires brokers to have a reasonable basis for recommendations and to consider the customer’s investment profile when making recommendations. Where allegations include suitability concerns, Rule 2111 is commonly discussed.
Rule summary #2: FINRA Rule 2020
FINRA Rule 2020 prohibits the use of manipulative, deceptive, or other fraudulent devices or contrivances. Where allegations involve misrepresentations or omissions of material facts, Rule 2020 is often referenced in that context.
Why this matters to investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background information (from BrokerCheck)
Based on his BrokerCheck Report, Charles Garrido reportedly:
- Is registered with A.G.P. / Alliance Global Partners (registered since October 30, 2018).
- Has previously been registered with firms that include McDonald Partners LLC and David A. Noyes & Company (among others).
Kurta Law Can Help
If you have worked with Charles Garrido and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Unsuitable Investments | Breach of Fiduciary Duty
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