DID ERIC JOSE GARCIA CAUSE YOU INVESTMENT LOSSES?
Eric Garcia Of Osaic Institutions, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Eric Garcia of Osaic Institutions, Inc.?
Eric Garcia (CRD #5909532) is currently registered with OSAIC Institutions, Inc. (CRD# 35371) since July 2016 and holds licenses in 12 U.S. states and territories. His primary office is in Coral Gables, Florida. Previously, he worked with Essex National Securities, LLC, and Morgan Stanley Smith Barney LLC. Garcia has passed two general industry/product exams (Series 7 and SIE) and one state securities law exam (Series 66). Apart from his brokerage work, he manages a rental property.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Eric Garcia Customer Complaints and Reviews
- Customer Disputes: Three disputes (one settled, two pending).
- Settled Dispute:
- Date Filed: October 14, 2022
- Allegations: Inappropriate recommendation of an offshore annuity.
- Settlement: $50,000.
- Pending Disputes:
- 1st Pending Dispute:
- Date Filed: March 21, 2024
- Allegations: Failed to conduct due diligence on an offshore annuity, exposing the claimant’s savings to risk.
- Claimed Damages: $105,000.
- 2nd Pending Dispute:
- Date Filed: April 17, 2023
- Allegations: Misrepresentations and omissions, breach of fiduciary duty, and unsuitable offshore annuity investment.
- Claimed Damages: $185,000.
- Financial Disclosures: Two financial compromises.
- 1st Compromise:
- Date Filed: October 3, 2014
- Creditor: Fifth Third Bank (5/3 Bank)
- Outcome: Dismissed on March 5, 2015 after a payment of $3,800 on a debt of $9,364.57.
- 2nd Compromise:
- Date Filed: November 7, 2014
- Creditor: Bank of America
- Outcome: Dismissed on December 31, 2015 after a payment of $11,802 on a debt of $24,552.55.
Allegations Against Eric Garcia
- Customer Disputes:
- Allegations include failure to conduct due diligence, misrepresentations, and unsuitable recommendations involving offshore annuities.
- Financial Disclosures:
- Two financial compromises due to difficulties following the 2008 financial crisis.
Eric Garcia Red Flags & Your Rights As An Investor
Of course, Eric Garcia did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Eric Garcia at Osaic Institutions, Inc.on alert to review carefully the activity and performance of their accounts and question whether Eric Garciahas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic Institutions, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Osaic Institutions, Inc. Due To Eric Garcia
If you have questions about Osaic Institutions, Inc. and/or Eric Garcia and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...