Financial advisor Manuel Ramos (CRD# 1956224), based in Downey, California, is currently being investigated as a result of a recent investor complaint. According to the complaint, the investor suffered six-figure losses as a result of his advice. Ramos Consulting and Wealth Management is the business name used by Ramos, which is connected to Centaurus Financial. Can his recommendations be trusted, or are his clients suffering significant financial losses as a result? Let’s investigate further to learn the truth.
Numerous grievances against Ramos
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The Financial Industry Regulatory Authority (FINRA) records show that Ramos’ name appears in the BrokerCheck report quite frequently. A number of investor complaints against him are revealed in this report. The most recent complaint, submitted in July 2023, accuses Ramos of promoting risky, fee-intensive investments with a downward trend in value. Currently, the complainant is asking for $100,000 in damages.
Manuel Ramos Responds
Mr. Ramos has responded to the most recent complaint with a vehement denial. He vehemently defends his recommendations and categorically rejects the accusations as unfounded. According to him, “The customer confirmed in writing that they received the relevant investment documentation/disclosures and understood the characteristics and risks of the investments.” He also emphasizes how he prioritizes the needs of his clients and is unwavering in his dedication to upholding his good name.
A Review of Previous Events
Returning to 2021, Ramos was the subject of yet another significant complaint. In this case, he was charged with suggesting “high-risk, illiquid investments” in industries like real estate securities and the oil and gas industry. Ramos vehemently refuted these claims, which ultimately resulted in a $10,000 settlement.
Manuel Ramos, who is he?
Manuel Ramos is a seasoned expert with a 33-year career in the securities industry. In 2011, he joined forces with Centaurus Financial as a broker and investment advisor. Ramos was previously connected to a number of businesses, including Prudential Life Insurance Company, Sammons Securities Company, and Tower Square Securities. He currently possesses 28 state licenses and has passed the Series 6, Series 7, SIE, and Series 63 qualifying exams for the securities industry.
Looking for Relief from Investment Losses?
Financial advisors and companies that cause client investment losses are challenged by Haselkorn & Thibaut, a law firm representing investors across the country. Call them at 1-800-856-3352 or use their contact form if you or someone you know is dealing with such losses for a free consultation. Let’s stand up against unfair financial practices collectively.
