Stockbroker Misconduct Lawyers

Are You An Investor Who Suffered Portfolio Losses While Working With Oppenheimer Broker Gustavo Miramontes? 

Our Stockbroker Misconduct Lawyers Want To Talk To You

Shepherd Smith Edwards and Kantas ( is looking into claims of investor losses involving Oppenheimer financial advisor Gustavo Santos Miramontes. The Los Angeles stockbroker has multiple disclosures on his CRD that primarily consist of customer disputes.

Allegations of broker misconduct made against him include breach of fiduciary duty, negligent misrepresentations, churning, unauthorized trading, unsuitable investment recommendations, sales practice violations, and more. The majority of investor lawsuits have resulted in settlements, while at least one claim remains pending.

A lot of the more recent broker misconduct cases appear to have been during Miramontes’ time with Oppenheimer and at least one while he was a Wedbush Securities financial advisor. The California stockbroker has worked in the industry for almost 30 years.

Miramontes is not the only other Oppenheimer broker we are investigating at this time. Our securities law firm is also looking at the Oppenheimer financial advisors who allegedly unsuitably marketed the firm’s Portfolio Enhancement Program (PEP), which is a high-risk investment scam that was promoted to wealthy customers. We are also looking at the $110M Horizon Private Equity Ponzi fraud run by ex-Oppenheimer stockbroker John Woods and the investment advisers who worked with him at his Southport Capital.

Already, the brokerage firm has paid many millions of dollars to investors that were harmed. More settlements and/or awards are expected. Woods is serving time in prison.

In an unrelated matter, the Financial Industry Regulatory Authority (FINRA) recently fined Oppenheimer for $500K over its alleged supervisory failures involving trades that its brokers were purportedly making directly with fund companies on behalf of customers. The self-regulatory organization (SRO) said that the brokerage firm should have run the trades through its reporting system, which is supposed to identify possible sales practice violations.

Why Contact Our Stockbroker Misconduct Lawyers?

Shepherd Smith Edwards and Kantas has been fighting for investors for over 30 years. We have successfully sued the largest broker-dealers in the US on behalf of retail investors, wealthy investors, institutional investors and more. We know how to maximize a client’s chances for full financial recovery. Should we agree to work together, we will harness our entire firm, resources, and knowledge to provide you with quality representation and personalized attention.

Schedule Your Free, No Obligation Case Assessment With Our Stockbroker Misconduct Lawyers

Call (800) 259-9010 or fill out this form.

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