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Investor Alleges Charlie Ramos Misrepresented a Variable Annuity

Charlie Ramos (CRD #: 4109161), a broker registered with Morgan Stanley, allegedly misrepresented a variable annuity, according to his BrokerCheck record, accessed on July 28, 2022. If you have questions about Charlie Ramos’s conduct as a broker, read on.

Investor Dispute

On June 7, 2022, an investor alleged that Charlie Ramos misrepresented the income benefit features of a variable annuity purchased in 2015. This dispute is currently pending.

FINRA Rule 2020

Misrepresenting investments violates FINRA Rule 2020, which bans the use of manipulative and deceptive tactics to influence investors’ decisions.

Variable Annuities

Variable annuities are often unsuitable for investors due to their high fees and the possibility that the policy will lapse. Depending on the underlying investments, the annuity may also lose money.

Background Information

Charlie Ramos has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Charlie Ramos is a registered broker in 39 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

  • Citigroup Global Markets (CRD#:7059)
  • Morgan Stanley DW (CRD#:7556)
  • UBS Financial Services (CRD#:8174)

Kurta Law Can Help

If you worked with Charlie Ramos 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. 

 

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