The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Francisco Ortiz. According to his publicly available FINRA BrokerCheck report, Francisco Ortiz has been the subject of of a customer dispute and a FINRA sanction.
Francisco Ortiz was a Florida based securities broker. He worked in the securities industry for nine years. During his career, he was registered with nine different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Continental Broker-Dealer (2003-2004)
- Gunnallen Financial (2004)
- Morgan Stanley (2004-2005)
- WM Financial Services (2005-2007)
- Investacorp (2007-2008, 2010-2012)
- Banc of America Investment Services (2008)
- Wells Fargo Advisors (2013-2015)
- Brickell Global Markets (2016)
- Mora WM Securities (2018-2019)
The Allegations
- In August 2007, a customer alleged that Francisco Ortiz executed unsuitable transactions on their behalf. This case was settled for $9,469 in damages.
- In March 2018, Francisco Ortiz was sanctioned by FINRA. The findings in this matter state that he allegedly submitted a falsified wire transfer request form by claiming that another financial advisor at his member firm had confirmed the wire transfer request in addition to the customer’s date of birth and recent account activity. Due to these allegations, he was fined $5,000, terminated from Brickell Global Markets, and suspended by FINRA from acting as a securities broker in any fashion for a period of one month.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing Francisco Ortiz, please contact Oakes & Fosher for a free and private consultation.
