Last Updated: May 2026 — Stuart, FL
Here’s what you need to know about Stuart, FL stockbroker Lino J. Gutierrez:
- Name: Lino J. Gutierrez
- Aliases: Joe Gutierrez, Lino Gutierrez, Lino Joe Gutierrez
- CRD Number: 5527598
- Current Registration Status: Not currently registered with any FINRA-member firm
- Most Recent Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated (2017–2025)
- Prior Firms:
- Wells Fargo Clearing Services, LLC (2013–2017)
- PNC Investments (2010–2013)
- Chase Investment Services Corp. (2009–2010)
- Merrill Lynch (2008–2009)
- Other Business Affiliations: Decision One Health
- Stockbroker / Financial Advisor: Former General Securities Representative
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Regulators: Criminal conviction Federal Anti-Kickback Statute
- Highest Award or Settlement: $100,000
- Current Customer Dispute Seeks Total Damages of: $200,000
If you’ve sustained damages from Mr. Gutierrez, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Lino Gutierrez As Your Stockbroker?
Lino J. Gutierrez discloses multiple serious events on his BrokerCheck record, including a federal criminal conviction and customer disputes.
Federal Criminal Conviction – Healthcare Fraud (2025)
In July 2025, Mr. Gutierrez was convicted in the United States District Court for the Middle District of Florida (Tampa Division) on multiple felony counts, including:
- Attempt and conspiracy to commit healthcare fraud and wire fraud
- Payment of kickbacks in connection with a federal healthcare program
- Conspiracy to violate the Federal Anti-Kickback Statute
- Healthcare fraud
Sentence:
- 210 months imprisonment
- $5,650,086.62 restitution
- $1,100 special assessment
Prior Customer Complaint FINRA Arbitration – $100,000 Settlement (2026)
A FINRA arbitration alleged that in 2020, while associated with Merrill Lynch, the representative did not act in the client’s best interest. This matter was settled in 1/2026 for $100,000
Pending Customer Complaint – (Filed September 2025)
In 9/2025 a customer of Merrill Lynch filed a FINRA arbitration alleging that Gutierrez made unsuitable recommendations causing damages of $200,000. This case is currently pending.
Allegations of Broker Misconduct Against Lino J. Gutierrez
- Unsuitability — Recommending variable annuities or equity securities inconsistent with a client’s financial objectives may violate FINRA Rule 2111 (Suitability) and SEC Regulation Best Interest (Rule 15l-1).
- Misrepresentation — Allegations that risks or product features were not properly disclosed may implicate FINRA Rule 2020 and Rule 2010.
- Failure to Act in Client’s Best Interest — Claims that the advisor did not prioritize the client’s interests may implicate Reg BI’s Care Obligation.
- Fraud-Related Conduct (Criminal Conviction) —
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Lino J. Gutierrez, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
See this for our prior investigations of Merrill Lynch brokers.
Firms We Have Pursued On Behalf of Our Clients
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.