Oswaldo Ramos Allegedly Gave Misleading Investment Recommendation
Oswaldo Ramos (CRD #: 2572345), a broker registered with Western International Securities, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on December 2, 2024. If you have questions about his alleged conduct as a broker, read on.
Investor Dispute
On November 22, 2024, an investor alleged that Oswaldo Ramos made an unsuitable and misleading investment recommendation of products purchased between June and October 2020. The client seeks $80,000 in damages in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult the investor’s profile, which describes their tax status, age, risk tolerance, and other information.
Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.
FINRA Rule 2020
FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential risks, fees, and returns.
Background Information
Oswaldo Ramos has passed the following exams:
- Securities Industry Essentials Examination – SIE
- General Securities Representative Examination – Series 7
- Investment Company Products/Variable Contracts Representative Examination – Series 6
- Uniform Investment Adviser Law Examination – Series 65
- Uniform Securities Agent State Law Examination – Series 63
Oswaldo Ramos is a registered broker in eight states and a registered investment adviser in seven states.
He has also worked for the following firms:
- Citigroup Global Markets (CRD#:7059)
- WaMu Investments (CRD#:599)
- Griffin Financial Services (CRD#:10823)
- FIMCO Securities Group (CRD#:30343)
Kurta Law Can Help
If you worked with Oswaldo 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 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.