Roditi & Roditi, LLC broker Guillermo Dominguez (CRD# 5094605) is accused of stock losses. He has been registered as a managing member of Roditi & Roditi, LLC in Los Angeles, California, since 2012, and as a managing member with New River Investments Inc. in Los Angeles, California, since 2011.
In February 2021, the National Futures Association (NFA) sanctioned him to pay a $40,000 aivil and administrative penalty and fine. The NFA issued a complaint alleging that “Roditi & Roditi LLC (Roditi) failed to timely file pool quarterly reports with NFA, and that Roditi and Guillermo Roditi Dominguez (Dominguez) failed to supervise the firm’s compliance with its regulatory obligations. As a principal of the firm and its sole AP, Dominguez is the individual at Roditi responsible for ensuring the firm complies with its regulatory obligations. By reason of the foregoing acts and omissions, Dominguez is charged with violations of NFA Compliance Rule 2-9(a).”
Guillermo Dominguez Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2020. “Plaintiffs alleged that they were not sufficiently information of risks of positions following losses during March of 2020, that IAR was not sufficiently supervised, and that exceeding maximum drawdown objectives constituted a breach of contract.” The customer sought $2,000,000 in damages, and the customer was granted $2,100,000 in damages. The complaint took place while he was registered with Roditi & Roditi, LLC. The complaint was regarding options and common and preferred stock losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Roditi & Roditi, LLC may be liable for investment or other losses suffered by Guillermo Dominguez’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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