James Landeros Subject of Options Trading Dispute

James Landeros (CRD #: 6447130), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 23, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On June 18, 2024, an investor alleged that James Landeros misrepresented an options strategy. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

What is an Options Strategy? 

A “call” option gives an investor the right to buy a stock for a certain price once the price of the stock goes above the strike price by a specified deadline. A “put” option gives the buyer the right to sell shares once the stock reaches the strike price by the specified deadline.  Depending on what type of options contract the investor buys, the investor is placing a bet that the price of a stock will either increase or decrease.  Options trading strategies are often unsuitable because they are speculative and therefore likely to lose money.

Background Information 

James Landeros has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 7TO General Securities Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker in 29 states and D.C. He is a registered investment adviser in California and Texas. 

During his 29 years of experience, he has registered with Merril Lynch, Pierce, Fenner & Smith (CRD #: 7691) and UnionBanc Investment Services (CRD #: 14455). 

Kurta Law Can Help 

If you worked with James Landeros and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.