Juan Manuel Ramos of Downey, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Ramos recommended illiquid real estate securities with declining values and high fees when Ramos was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-03450 (December 13, 2023).
FINRA Public Disclosure shows that Ramos is referenced in four other disputes customer initiated investment related disputes concerning Ramos’s conduct while associated with securities broker dealers. On August 22, 2003, a customer filed an investment related complaint involving Ramos’s conduct in which the customer requested $30,500.00 in damages based upon allegations that Ramos made unsuitable recommendations and misrepresentations of material fact in connection with the sale of money market funds and variable annuities during the period that Ramos was associated with Tower Square Securities Inc.
On May 25, 2011, another customer filed an investment related complaint involving Ramos’s conduct while associated with Sammons Securities Company LLC. The customer requested $49,500.00 in damages based upon allegations that Ramos’s sale of a fixed annuity contract in December 2010 went against the customer’s stated goals and was not in her best interest. The firm denied this complaint.
Ramos is also referenced in a customer initiated investment related complaint filed on August 17, 2012, in which the customer requested $153,000.00 in damages based upon allegations that Ramos made unsuitable recommendations in fixed annuities when Ramos was associated with PSP Financial Insurance Services. This complaint was closed with no further action taken by the customer.
On December 21, 2021, a different customer initiated investment related FINRA securities arbitration claim involving Ramos’s conduct was settled for $10,000.00 in damages based upon allegations that Ramos recommended risky and illiquid oil and gas investments and real estate securities, during the period that Ramos was associated with Centaurus Financial Inc. FINRA Arbitration No. 21-00581.
Ramos has been associated with Centaurus Financial Inc. in Downey, California since February 8, 2011.
