Oppenheimer Broker, Cesar Hurtado, Has Two Customer Complaints, Alleging Sales Practice Violations
Cesar Augusto Hurtado (CRD # 4137948) is a Financial Advisor at Oppenheimer & Co., Inc. in Miami, FL. Cesar Hurtado has been in the securities industry since 2000 and previously worked at CIBC World Markets Corp. in New York.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Cesar Hurtado has been the subject of two customer complaints, alleging the following:
- August 2019 – “CLAIMANT ALLEGES CLAIMS FOR NEGLIGENCE, BREACH OF FIDUCIARY DUTY, BREACH OF CONTACT, FRAUD AND NEGLIGENT MISREPRESENTATION CONCERNING THE INVESTMENTS IN HER ACCOUNTS.” Alleged damages are $100,000, and the matter is currently pending.
- September 2017 – “Claimants assert claims for fraud, negligent misrepresentation, breach of fiduciary duty and negligence in connection with the investments in, and management of, their account.” The matter settled for $285,000.
For a copy of Cesar Hurtado’s CRD, click https://brokercheck.finra.org/individual/summary/4137948.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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