Richard Anthony Rodriguez, of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that omissions and misrepresentations about alternative investments had been made by Rodriguez while he was employed by Concorde Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00846 (March 31, 2021). According to the claim, Florida Securities and Investor Protection Act had been violated. The claim also contains accusations of fraud, breach of fiduciary duty, and breach of contract.

Rodriguez has been identified in five additional customer initiated investment related disputes concerning allegations of his harmful activities while he was registered with securities broker dealers, including Charles Schwab Co. Inc. and Concorde Investment Services. FINRA Public Disclosure shows that a customer initiated investment related complaint concerning Rodriguez’s conduct was resolved for $13,886.96 in damages based upon accusations of information being misrepresented by Rodriguez concerning mutual funds purchased in the customer’s Charles Schwab account. The complaint alleges that Rodriguez provided unsuitable investment recommendations to the customer.

Another customer initiated investment related FINRA securities arbitration claim involving Rodriguez’s activities was settled for $5,000.00 in damages based on allegations of unsuitable investment advice by Rodriguez concerning mutual funds when he was associated with Charles Schwab. On May 26, 2017, another customer filed an investment related complaint regarding Rodriguez’s conduct where the customer requested $200,000.00 in damages founded on accusations of Rodriguez failing to inform them about the risks and features of non-traded real estate investment trusts during the time that Rodriguez was registered with Concorde Investment Services.

On January 29, 2021, a different customer filed an investment related FINRA securities arbitration claim concerning Rodriguez’s activities in which the customer sought $200,000.00 in damages based upon allegations of negligence, breach of contract, and breach of fiduciary duty concerning Rodriguez’s real estate investment trust sales at Concorde Investment Services. FINRA Arbitration No. 20-04227. According to the claim, federal securities laws were violated, and the customer had been defrauded.

Rodriguez is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $55,000.00 in damages supported by accusations of negligence and breach of fiduciary duty by Rodriguez concerning direct participation program interests and limited partnership interests while he was employed by Concorde Investment Services. FINRA Arbitration No. 19-02848 (March 1, 2021).

Rodriguez was associated with Concorde Investment Services between March 2, 2012, and February 13, 2019. He was registered with Calton Associates between February 12, 2019, and February 13, 2020.

Tags: , ,

Comments are closed.