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Sandro Olivos Allegedly Misrepsented an Investment

Sandro Olivos (CRD #: 3228574), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 28, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On March 12, 2024, an investor alleged that Sandro Olivos misrepresented the risks associated with an investment in NorthStar Financial Services. The investor is seeking $100,000. 

Misrepresentation 

FINRA Rule 2020 forbids 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.

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Background Information 

Sandro Olivos 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 Florida and Georgia. 

During his 17 years of experience, Sandro Olivos has registered with six firms: 

  • Wells Fargo Clearing Services (CRD #: 19616) 
  • JP Morgan Securities (CRD #: 79) 
  • Ocean Financial Services (CRD #: 164289) 
  • Activa Capital Markets (CRD #: 42619) 
  • HSBC Securities (USA) Inc. (CRD #: 19585) 
  • HSBC Brokerage (USA) Inc. (CRD #: 6956) 

Kurta Law Can Help 

If you have worked with Sandro Olivos and 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.

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