Last Updated: December 2025 — Irvine, California
Here’s what you need to know about Irvine, CA stockbroker Nick Olivas:
- Name: Nicholas David Olivas
- Current Employer: Prospera Financial Services, Inc. (CRD #10740), Dallas, TX — Registered since October 29, 2025; branch office in Irvine, California.
- Prior Firms:
- LPL Financial LLC — 11/2024 to 11/2025(Discharged by firm) (Irvine, CA)
- Raymond James & Associates, Inc. — 03/2022 to 11/2024 (Newport Beach, CA)
- Oppenheimer & Co. Inc. — 08/2020 to 03/2022 (Newport Beach, CA)
- Merrill Lynch, Pierce, Fenner & Smith Inc. — 08/2017 to 08/2020 (Brea, CA)
- Merrill Lynch / Bank of America (dual U4 entries showing overlapping periods)
- UCLA — Postdoctoral Fellow (non-investment)
- Dr. Nicholas D. Olivas Consulting (non-investment)
- Other Business Affiliations:
- Bregma Private Wealth, Irvine, CA — wealth management firm;
- CRD Number: 6803146
- Stockbroker / Financial Advisor:
- Yes — FINRA-registered General Securities Representative; SIE, Series 7, and Series 66.
- Can Broker Be Sued in FINRA Arbitration: Yes
- Discharged by a Prior Employer:Yes
- Highest Award or Settlement: None — two prior customer disputes were withdrawn or denied by the firm, see below.
If you’ve sustained damages from Mr. Olivas, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with Nick Olivas?
In 11/2025 Nick Olivas was discharged by LPL Financial where he had been employed since 11/24. LPL makes the following allegation on Olivas’ FINRA record: “Used unapproved email address to transmit business-related communications.”
Two separate customer disputes were filed against Nicholas D. Olivas, both involving alleged mishandling of customer accounts while he was employed at LPL Financial LLC and Raymond James & Associates, Inc.
Customer Dispute #1 — LPL Financial LLC
- Date Received: August 5, 2025
- Case Status: Withdrawn (9/05/2025)
- Product: Listed Equity
- Allegation: Customer alleges the advisor failed to follow trade instructions, resulting in losses.
- Alleged Damages: $12,130
Customer Dispute #2 — Raymond James & Associates, Inc.
- Date Received: January 28, 2023
- Case Status: Denied (2/10/2023)
- Product: Options
- Allegation Date: November 21, 2022
- Allegations:
- Unauthorized trades
- Mismanagement of the account
- Alleged Damages: $117,949
Apparently the customers bringing these complaints did not pursue the matter further by filing a FINRA arbitration.
Allegations of Broker Misconduct Against Nicholas David Olivas
Based on the disclosures in the BrokerCheck report, the following categories of broker misconduct have been alleged:
- Unauthorized Options Trading
- Did Not Follow Trade Instructions
If your account suffered losses under Mr. Olivas due to trading you did not authorize, unsuitable recommendations, or poor supervision, you may be entitled to pursue recovery through FINRA arbitration.
Other Cases Involving Unauthorized Trading
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
Investigations of Prospera Financial Brokers
If you have suffered investment losses in an account handled by Nicholas David Olivas, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.