Last Updated: December 2023 (Coral Gables, FL)
Eric Garcia Investigation Summary
Here’s what you need to know about Coral Gables, FL, stockbroker Eric Garcia:
- Name: Mr. Eric Jose Garcia
- Current Employer: Osaic Institutions (formerly Infinex Investments)
- Previous Firms: Infinex Investments, Essex National Securities, Morgan Stanley
- Function: Stock Broker/ Financial Advisor
- Aliases: Eric Garcia
- Primary Location: Coral Gables, FL
- CRD 5909532
- Can Eric Garcia be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Two Pending Customer Disputes Seek Damages Totaling $285,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Eric Garcia As Your Stockbroker?
A customer of Essex National Securities filed a FINRA arbitration in 4/2023 alleging that Eric Garcia misrepresented and over-concentrated their account with an offshore annuity. Damages of $185,000 are sought in this pending matter.
In 10/2022 a customer of Infinex Investments filed an arbitration alleging that Eric Garcia ignored their desire to invest in low risk products and overconcentrated their account with an unsuitable offshore annuity causing damages of between $100,000- $500,000. This matter is currently pending.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Eric Garcia
Customers of Eric Garcia have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in Offshore Annuity
- Over-concentrated Account with Offshore Annuity
- Misrepresentation
- Ignored Customer’s desire for safety and preservation of capital
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Eric Garcia, 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.
