Haselkorn & Thibaut has opened an independent investigation into financial advisor Ron Botello (CRD# 4809045), formerly of Osaic Wealth, operating as Platinum Wealth Solutions of Texas in San Antonio, TX. Our firm is committed to helping investors across the United States uncover potential losses and hold responsible parties accountable. If you have worked with Ron Botello or have concerns about your investments, we encourage you to review the findings below and reach out for a free case assessment with our experienced attorneys at 1-888-885-7162.
Who Is Ron Botello?
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Ron Botello has over 20 years of experience in the securities industry, most recently registered with Osaic Wealth in San Antonio, Texas, where he operated as Platinum Wealth Solutions of Texas. His comprehensive background includes registrations with other major firms such as Signator Investors and Securian Financial Services.
Botello’s credentials include successful completion of key securities licenses:
- Securities Industry Essentials Examination (SIE)
- Series 65 (Uniform Investment Adviser Law Exam)
- Series 63 (Uniform Securities Agent State Law Exam)
- Series 6 (Investment Company Products/Variable Contracts Representative Exam)
Despite an extensive background, it’s essential for all investors to understand the significant recent regulatory developments related to his record.
Recent FINRA Suspensions & Regulatory Actions
On December 2025, FINRA announced a three-month suspension and $5,000 fine against Ron Botello, stemming from two undisclosed personal loans totaling $173,000 obtained from senior investor clients while at Osaic Wealth. These actions came as part of a regulatory settlement documented in a Letter of Acceptance, Waiver, and Consent (AWC No. 2025085326301).
| Regulator | Action Date | Description | Outcome |
|---|---|---|---|
| FINRA | December 2025 | Undocumented, interest-free loans from senior clients; violation of firm and industry policy | 3-month suspension, $5,000 fine, full repayment of loans |
Key Details of FINRA’s Findings
- Loans were undocumented and interest-free, arranged with two senior clients with whom Botello had a personal friendship.
- Osaic Wealth’s policies strictly forbid such transactions except with immediate family members or financial institutions.
- Both customers were not immediate family and qualified as senior retail investors.
- Funds were used for a personal investment; loans were repaid in full within months.
- The firm terminated Ron Botello in January 2025 after uncovering these transactions, noting he engaged in personal transactions without prior approval.
Red Flags for Investors
While there have been no customer complaints, arbitrations, or court proceedings reported against Botello, the nature of the recent regulatory action represents several classic red flags for investors to consider:
- Brokers are generally prohibited from borrowing from clients except under limited, documented, and preapproved circumstances.
- Lack of documentation and absence of interest on loans is highly unusual.
- Firm termination for undisclosed personal financial dealings with clients may suggest broader supervisory concerns.
- Regulatory suspension is a serious measure, highlighting non-compliance issues that all investors should be wary of.
Even absent direct losses, these issues heighten the risk of conflicts of interest and possible threats to your investments. If you have questions about your dealings with Ron Botello or are unsure whether your accounts have been compromised, independent review is appropriate.
Ron Botello’s Regulatory Disclosures
| Type of Disclosure | Reported |
|---|---|
| Customer Complaints/Arbitration | None |
| SEC or Other Regulator Actions | None |
| FINRA Disciplinary Action | Yes (2025 AWC, 3-month suspension, $5,000 fine) |
| Termination/Discharge | Yes (Osaic Wealth, Jan 2025: Unapproved personal transactions with clients) |
| Bankruptcies, Judgments, Liens | None disclosed |
For more specifics on Ron Botello’s professional history, visit his official BrokerCheck profile.
Haselkorn & Thibaut Can Help Investors
Haselkorn & Thibaut brings over 50 years of experience recovering losses for investors nationwide, with a 98% success rate and millions recovered. If you or a loved one worked with Ron Botello in San Antonio, Texas or through Osaic Wealth (Platinum Wealth Solutions of Texas) and have concerns about your accounts, contact us for a confidential, no-cost evaluation. No recovery, no fee.
- Industry-leading experience in investment fraud and financial advisor negligence cases
- Personalized, confidential review of your situation
- No obligation, no fee unless we win compensation for you
Our investigation is independent and solely focused on protecting investor interests.
Next Steps for Concerned Investors
If you have concerns or suspect irregularities with your accounts tied to Ron Botello or Osaic Wealth, take these immediate steps:
- Review your account statements for any unusual withdrawals, transfers, or transactions.
- Gather correspondence, agreements, and statements provided by your advisor.
- Contact our team at Haselkorn & Thibaut for a free and confidential consultation: 1-888-885-7162.
Your financial security is our priority. Let Haselkorn & Thibaut help you recover potential losses and clarify your options.
