Manuel Ramos Allegedly Recommended Illiquid Investments

Manuel Ramos (CRD #: 1956224), a broker registered with Centaurus Financial, is the subject of a six-figure investor dispute. This dispute appears on his BrokerCheck record, accessed on July 30, 2025. Investors may have also worked with him through NestYield ETFS. Read on to learn more about his alleged conduct as a broker. 

Investor Dispute

On April 30, 2025, an investor alleged that Manuel Ramos recommended complex, illiquid, risky investments and misrepresented them. The client seeks $240,000 in damages in this pending dispute.

On December 19, 2023, an investor alleged that Manuel Ramos recommended illiquid investments with high fees. The investor sought $100,000 and received a settlement of $61,000. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of illiquid investments. These investments may lead to high fees for the investor.
• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals. Excessive trading is also known as “churning.” 
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. This includes the misrepresentation or omission of information relating to investments, such as their fees, risks, or potential returns.

Background Information 

Manuel Ramos 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 

He is a registered broker in 17 states and is a registered investment adviser in 19 states. 

Manuel Ramos has registered with the following firms: 

• Centaurus Financial (CRD #: 30833) 
• SPC (CRD #: 110692) 
• Sammons Securities Company (CRD #: 115368) 
• Tower Square Securities (CRD #: 833) 
• Advantage Capital Corporation (CRD #: 146) 
• Pruco Securities Corporation (CRD #: 5685) 
• The Prudential Insurance Company of America (CRD #: 680) 

Kurta Law Can Help

If you worked with Manuel Ramos and 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 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.