Ciro “Nick” Cavazos and Raymond James
Have you lost money with financial advisor Ciro Cavazos of Chico, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Ciro “Nick” Cavazos. FINRA suspended Cavazos for three months, fined him $5,000, and ordered him to pay restitution of $7,000 for borrowing $10,000 from a customer and then failing to pay most of the money back. Cavazos borrowed the money in May 2011 while he was affiliated with Edward Jones. Cavazos later worked for Raymond James.
Ciro “Nick” Cavazos was a financial advisor and registered representative of Raymond James from July 2011 to March 2016, and with Edward Jones from October 2008 to July 2011. He worked at a branch office in Chico, California. Cavazos has also been the subject of two customer complaints.
Brokerage firms like Raymond James have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Cavazos, Nick FINRA AWC
Click to view: Cavazos, Nick BrokerCheck 8.5.16
Our office handles all of our arbitration cases on a contingent fee basis, meaning you do not pay unless we recover money for you.
HAVE YOU LOST MONEY WITH CIRO “NICK” CAVAZOS OR RAYMOND JAMES?
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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.