Isidro Z. Miramontes of Brea California is a stockbroker formerly registered with UBS Financial Services Inc. who is the subject of a customer initiated investment related written complaint on June 9, 2016 where the customer requested more than $5,000.00 in damages based upon accusations that the customer was placed into variable annuities that were not suitable for the customer and had not been apprised of the tax liabilities pertaining to the liquidation of the customer’s annuity accounts.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Miramontes has been identified in seven additional customer initiated investment related disputes containing accusations of Miramontes’ violative conduct during the time that he was associated with Morgan Stanley & Co. Incorporated. Specifically, a customer was awarded $45,100.00 in damages according to an investment related arbitration claim where Miramontes had been found liable for making unsuitable mutual fund recommendations to the customer and promising the customer thirteen percent annual returns on investments. National Association of Securities Dealers (NASD) Arbitration No. 01-05993 (May 9, 2003).
Subsequently, a customer initiated investment related arbitration claim regarding Miramontes’ activities was resolved for $30,000.00 in damages founded on allegations that mutual fund transactions were placed in the customer’s account that were not appropriate for the customer. NASD Arbitration No. 04-00814 (Mar. 28, 2005). On November 1, 2005, another customer filed an investment related written complaint concerning Miramontes’ conduct, alleging that Miramontes made misrepresentations to the customer concerning an annuity, recommended investments that were not suitable and failed to apprise the customer about the terms and conditions of mutual fund and variable annuity investments.
On November 20, 2008, a customer filed an investment related written complaint regarding Miramontes’ activities in which the customer alleged that Miramontes failed to inform the customer about the surrender charges on a variable annuity. Moreover, on September 14, 2009, a customer filed an investment related written complaint involving Miramontes’ conduct where the customer sought $70,000.00 in damages supported by accusations that Miramontes failed to invest the customer’s individual retirement account funds in conformity with the customer’s objectives for investing.
On July 28, 2015, Miramontes’ registration with UBS Financial Services Inc. was terminated. Miramontes has been employed with Purshe Kaplan Sterling Investments since July 20, 2015.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
