Patrick Tantoco (also known as Hermogenes Gil Patrick Tantoco), of Honolulu, Hawaii, a stockbroker registered with Independent Financial Group LLC, 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 Tantoco made the unsuitable investment recommendation of non-traded Real Estate Investment Trusts or REITs, given the customer’s objectives and risk tolerance during the time that Tantoco was associated with Independent Financial Group LLC. FINRA Arbitration No. 23-03302 (December 20, 2023).
This is not the first time that Tantoco has been referenced in a customer initiated investment related dispute concerning Tantoco’s conduct in the securities industry. FINRA Public Disclosure shows that Tantoco was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Tantoco gave unsuitable advice to the customer about non-traded REITs when Tantoco was associated with Independent Financial Group LLC. FINRA Arbitration No. 23-01159 (April 19, 2024).
Tantoco has been associated with Osaic Wealth Inc. in Honolulu, Hawaii since March 8, 2019. Tantoco was associated with MSI Financial Services Inc. in Honolulu, Hawaii from December 12, 2016, to March 25, 2017, and MML Investors Services LLC in Honolulu, Hawaii from March 25, 2017, to March 15, 2019.
