Richard Anthony Rodriguez of Fruitland Park Florida a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages based upon allegations that the customer sustained losses on direct participation program interests or limited partnerships interests because of Rodriguez’s negligence. FINRA Arbitration No. 19-02848 (Oct. 7, 2019).
According to the claim, a contract between Concorde Investment Services and the customer had been breached. The claim also alleges breach of fiduciary duty by the stockbroker between 2017 and 2018 resulting in damages.
Rodriguez has been identified in three more customer initiated investment related disputes containing accusations of his wrongdoing when he was employed by Charles Schwab Co. and Concorde Investment Services. FINRA Public Disclosure reveals that a customer initiated investment related complaint concerning Rodriguez’s conduct was resolved for $13,886.92 in damages supported by allegations of misrepresentations concerning mutual funds that were placed in the customer’s account. The complaint also alleges that Rodriguez’s investment recommendations were not appropriate for the customer.
Another customer initiated investment related complaint regarding Rodriguez’s activities was settled for $5,000.00 in damages founded on accusations of unsuitable investment recommendations by Rodriguez during the time that he was associated with Charles Schwab. Rodriguez is also referenced in a customer initiated investment related written complaint on May 26, 2017 where the customer requested $200,000.00 in damages based upon allegations that the customer was not made aware of the illiquidity, risk and features of a non-traded real estate investment trust that was sold by the stockbroker at Concorde Investment Services.
Rodriguez’s registration with Concorde Investment Services has been terminated as of February 13, 2019. Between February 12, 2019 and February 13, 2020, he was registered with Calton Associates.