Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Financial Advisor Eladio Santiago (Santiago), currently employed by Cambridge Investment Research, Inc. (Cambridge), has been subject to at least three customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Santiago’s customer complaints alleges that Santiago recommended unsuitable investments in various investments, among other allegations of misconduct relating to the handling of their accounts.
In February 2020, a customer complained that Santiago violated the securities laws by alleging that Santiago engaged in unsuitable investment advice, and mismanagement of accounts. The claim settled in the amount of $75,000.
In August, 2019, a customer complained that Santiago violated the securities laws by alleging that Santiago engaged in unsuitable investment advice, and mismanagement of accounts. The claim settled in the amount of $95,000.
In December, 2002, a customer complained that Santiago violated the securities laws by alleging that Santiago engaged in unsuitable investment transactions in the accounts. The claim alleged $756,000 in damages. The claim was closed without action.