Last Updated: October 2023 (Boca Raton, FL)
Gustavo Rodrigo Investigation Summary
Here’s what you need to know about Boca Raton, FL, stockbroker Gustavo Rodrigo, III:
- Name: Mr. Gustavo Rodrigo, III
- Current Employer: Sutter Securities , Boustead Securities
- Previous Firms: Westpark Capital, Woodstock Financial Group, Caldwell International Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Gustavo Rodrigo
- Primary Location: Boca Raton, FL
- CRD 3031284
- Can Gustavo Rodrigo be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Two Prior Customer Disputes Were Denied
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Gustavo Rodrigo As Your Stockbroker?
Gustavo Rodrigo was suspended by FINRA for 10 days (ended 10/16/23) by FINRA and assessed a fine of $2,500 to resolve allegations that he exercised discretion without written authorization in violation of NASD Rule 2510(b), FINRA Rule 3260(b) and FINRA Rule 2010.
Two prior customer complaints were lodged against Gustavo Rodrigo but were ‘denied’ by the firm.
- In 2008 a customer of Investors Capital Corp. alleged that Gustavo Rodirigo made misrepresentations and traded the account without authority, causing damages of $100,000. The firm denied the claim and the customer apparently did not pursue the matter further.
- In 2005 a customer of Gunn Allen alleged that Gustavo Rodrigo charged excessive commissions. That firm denied the claim and that customer apparently did not pursue the matter further.
Allegations of Broker Misconduct Against Gustavo Rodrigo Customers of Gustavo Rodrigo have alleged the following wrongdoing in connection with the handling of customer accounts:
- Misrepresentations
- Unauthorized Trading
- Charged Excessive Commissions
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
They seldom, if ever, offer any resolution or if they do, will attempt to have you resolve your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
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 Gustavo Rodrigo III, contact us for a complimentary consultation with an experience 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.