Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Lino Gutierrez (CRD# 5527598) regarding investment losses. He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Stuart, Florida, from 2017 to 2025, and Wells Fargo Clearing Services, LLC in Jupiter, Florida, from 2013 to 2017.
In December 2024, FINRA opened an investigation and made a “preliminary determination that formal disciplinary actions be brought against Lino Gutierrez, alleging violation of FINRA Rules 3270 and 2010 in that he engaged in outside business activity without providing prior written notice to his firm.”
In April 2025, he was convicted of conspiracy to violate the federal anti-kickback statute
Disposition, payment of kickbacks in connection with a federal health care program, and attempt and conspiracy to commit health care fraud and wire fraud.”
Lino Gutierrez Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2024. “Client alleges Representative did not act in her best interest in 2020.” The customer is seeking $1,000,000 in damages, and the case is currently pending.
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, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Lino Gutierrez’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.
"*" indicates required fields
