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March 29, 2016

NYC Broker Disbarment Pending

Miguel Ortiz, a New York financial advisor, was barred from the securities industry by FINRA after allegations of fraud. FINRA claims that Ortiz falsified account statements and concealed the account value of a joint account held by his one of his customers. The victims believe that they lost $162,843 due to Ortiz’s misrepresentations. Ortiz was also reprimanded for failing to disclose a $4.9 million civil judgment against him on his Form U-4. Ortiz has appealed FINRA’s findings.

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