In July 2021, a former client of Ocean Financial Services, LLC filed a FINRA arbitration claim for losses sustained from investments in Northstar Financial Services (Bermuda). The investors were clients of broker Sandro Olivos (CRD# 3228574).
The causes of action included breach of fiduciary duty; negligence and negligent misrepresentation; negligence – overconcentration; breach of contract; and failure to supervise. The causes of action are related to Claimant’s investment in Northstar Financial Services (Bermuda) Ltd. (“Northstar”) and its investment products. The FINRA arbitration hearing was conducted in Boca Raton, Florida.
The customer sought $80,000 in damages, and the case was settled for $45,000 in January 2023.
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, Ocean Financial Services, LLC may be liable for investment or other losses suffered by Sandro Olivos’ customers.
How to File a Claim Against Sandro Olivos
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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