Hector Ramos – Financial Advisor/Broker Hector Ramos Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Hector Ramos CRD #4172477
Hector Ramos was a previously licensed financial advisor/broker with Wynston Hill Capital, LLC, Westpark Capital, Inc., and Bishop, Rosen & Co., Inc. FINRA reports that Hector Ramos was ordered to pay $50,000 in restitution and suspended from the securities industry for three months in June 2020. FINRA also reports that Hector Ramos was suspended from the securities industry for 20 business days in September 2016.
According to the FINRA Allegations:
Regarding the suspension in June 2020, Hector Ramos consented to the sanctions and to the entry of findings that Hector Ramos made unsuitable recommendations to a customer that was unemployed, disabled, living on a fixed income, and had limited investment experience. The findings stated that Hector Ramos recommended that the customer invest primarily in speculative energy sector securities. Despite the volatility of the energy market, the volatility of the specific securities, and the customer’s investment profile, Hector Ramos repeatedly recommended that the customer increase her positions in energy sector securities, including additional energy sector securities. The customer realized losses totaling $86,891.
Regarding the suspension in September 2016, Hector Ramos consented to the sanction and to the entry of findings that he lent $10,000 to a customer of his member firm, when Hector Ramos neither requested nor received firm permission to lend the money. The findings stated that in fact, the firm policy prohibited Hector Ramos from lending the money.
According to Hector Ramos BrokerCheck Report, Hector Ramos was discharged from Morgan Stanley in August 2014. Allegations against Hector Ramos are concerns related to (1) a check written by Hector Ramos to a firm client and (2) an employee’s non-disclosure of an outside incident involving Hector Ramos as required by firm policy.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Hector Ramos and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Hector Ramos’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Hector Ramos and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 6/10/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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