Haselkorn & Thibaut, a national law firm concentrating on investment fraud recovery, has opened an investigation into Nicholas David Olivas, a broker recently registered with Prospera Financial Services, Inc. (CRD #10740) in Irvine, California. With over 50 years of combined experience and a 98% success rate, Haselkorn & Thibaut is dedicated to protecting investors’ interests. If you or someone you know may have suffered losses while working with Nicholas David Olivas, call Haselkorn & Thibaut at 1-888-885-7162 today for a free, confidential consultation—no recovery, no fee.
Who is Nicholas David Olivas?
Table of Contents
Nicholas David Olivas (CRD #6803146) is a FINRA-registered General Securities Representative, currently employed with Prospera Financial Services, Inc. in Dallas, TX, and operating from a branch office in Irvine, California. Olivas has held his registration since October 2025. His prior affiliations include:
- LPL Financial LLC (Irvine, CA): November 2024 – November 2025 (Discharged)
- Raymond James & Associates, Inc. (Newport Beach, CA): March 2022 – November 2024
- Oppenheimer & Co. Inc. (Newport Beach, CA): August 2020 – March 2022
- Merrill Lynch, Pierce, Fenner & Smith Inc. (Brea, CA): August 2017 – August 2020
Besides his investment advisory roles, Olivas is affiliated with Bregma Private Wealth and has past experience as a postdoctoral fellow at UCLA and as a private consultant.
Regulatory and Complaint History: What Investors Need to Know
It’s important to gather all available information when evaluating a financial advisor. Here are the verified highlights regarding Nicholas David Olivas’s professional and disciplinary background:
| Category | Details |
|---|---|
| Current Firm | Prospera Financial Services, Inc. (CRD #10740) |
| Registration Status | Registered; in good standing as of most recent update |
| Professional Qualifications | SIE, Series 7 & 66 licenses active; General Securities Representative |
| Regulatory Actions | No regulatory or criminal actions reported |
| Disclosures | Two past customer disputes (details below) |
| Employment Termination | Discharged from LPL Financial in November 2025 for “using unapproved email address to transmit business-related communications” |
Red Flags and Reported Disputes Involving Nicholas David Olivas
While the majority of brokers and advisors follow industry rules, it’s crucial for investors to be aware of any red flags that could signal potential issues. Here is an overview of all publicly available complaints and employer disclosures regarding Nicholas David Olivas:
-
Customer Dispute #1 – LPL Financial LLC
Date Received: August 5, 2025
Allegation: Customer claimed advisor failed to follow trade instructions, resulting in a reported loss of $12,130 on listed equities.
Status: Withdrawn by the customer on September 5, 2025. -
Customer Dispute #2 – Raymond James & Associates, Inc.
Date Received: January 28, 2023 (incident alleged on November 21, 2022)
Allegation: Customer alleged unauthorized options trades and account mismanagement, with potential damages of $117,949.
Status: Denied by the firm on February 10, 2023.
Both disputes were either withdrawn or denied by the respective firms and not pursued through FINRA arbitration to date.
Additionally, LPL Financial discharged Olivas for “using an unapproved email address to transmit business-related communications” in November 2025. While this does not in itself prove wrongdoing beyond the firm’s policy violation, it does serve as a procedural red flag that investors should be aware of.
Regulatory Record: Verified Status as of Today
An independent review of FINRA’s BrokerCheck (search CRD #6803146) and other regulatory sources found:
- No regulatory or administrative actions from the SEC, FINRA, or state agencies.
- No lawsuits, civil judgments, or bankruptcy filings in public records or federal dockets.
- No current or prior criminal disclosures.
Olivas remains registered and in good standing as of the most recent findings.
What Should Concerned Investors Do?
If you experienced unauthorized trades, unsuitable recommendations, or confusion around instructions that led to losses—especially during Olivas’s tenures at LPL Financial, Raymond James, or Prospera Financial Services—it is vital to seek a professional review of your case. Brokers can be held accountable if negligence or rules violations led to investor harm. Many cases are resolved via FINRA arbitration.
Even if previous disputes were withdrawn or denied by firms, you still may have options to seek recovery through experienced legal counsel. Past issues—such as failing to follow trade instructions or alleged unauthorized trading—warrant further attention, especially if similar patterns affected other customers.
How Haselkorn & Thibaut Can Help You
- Free, confidential consultations with an experienced securities attorney
- Representation nationwide
- No recovery, no fee—you pay nothing unless money is recovered for you
- Over 50 years of experience, a 98% success rate, and millions recovered for investors
The investigation into Nicholas David Olivas and Prospera Financial Services is ongoing. If you are concerned about your experience with Olivas or believe your account suffered avoidable losses, don’t delay—call Haselkorn & Thibaut at 1-888-885-7162 for guidance and next steps. Your consultation is free, and your inquiry remains completely confidential.
Take proactive steps to protect your future. Let our experienced attorneys help you understand your rights and potential for recovery.
