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Patrick Tantoco Allegedly Made Unsuitable Investment Recommendation

Patrick Tantoco (CRD #: 5249850), a broker registered with Royal Alliance Associates, allegedly gave an unsuitable investment recommendation, according to his BrokerCheck record, accessed on June 13, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On May 19, 2023, an investor alleged that Patrick Tantoco recommended an unsuitable investment. The client seeks $55,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, tax status, and risk tolerance when making recommendations.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Patrick Tantoco has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Patrick Tantoco is a registered broker in California, Hawaii, Nevada, Virginia, and Washington. He is also a registered investment adviser in Hawaii.

He has also worked for the following firms:

  • MML Investors Services (CRD#:10409)
  • MSI Financial Services (CRD#:14251)
  • Independent Financial Group (CRD#:7717)
  • Brokers International Financial Services (CRD#:139627)
  • H. Beck (CRD#:1763)
  • New England Securities (CRD#:615)
  • Banc of America Investment Services (CRD#:16361)
  • Citigroup Global Markets (CRD#:7059)

Kurta Law Can Help

If you worked with Patrick Tantoco 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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