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Broker Spotlight: David Garcia Cirilo

 

David Garcia CiriloPublicly available records provided by the Financial Industry Regulatory Authority on June 10, 2016 indicate that Florida-based Morgan Stanley broker/adviser David Garcia Cirilo has received numerous settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cirilo (CRD# 2281514).

David Garcia Cirilo has spent 22 years in the securities industry and has been registered with Morgan Stanley in Coral Gable, Florida since 2014. Previous registrations include Santander Securities in San Juan, Puerto Rico (2006-2014) and UBS Financial Services in San Juan, Puerto Rico (1993-2006). Mr. Garcia Cirilo is a broker and investment adviser registered in 33 US states and territories.

According to his BrokerCheck report, David Garcia Cirilo has been the subject of one customer complaint and five pending customer complaints.

In August 2015, a customer alleged David Garcia Cirilo, while employed at UBS, misrepresented material facts related to an investment, made an unsuitable investment recommendation, and over-concentrated the account. The customer is seeking $4,700,000 in damages in the pending complaint.

In 2015, a customer alleged David Garcia Cirilo, in his capacity at Santander Securities, acted negligently, breached his fiduciary duty, breached contract, committed fraud, and failed to supervise representatives. The customer is seeking $3,000,000 in damages in the pending complaint, in which David Garcia Cirilo is not a named respondent.

In 2014, a customer alleged David Garcia Cirilo, in his capacity at Santander Securities, misrepresented and omitted material facts related to an investment, breached his fiduciary duty, and engaged in negligent supervision. The customer is seeking $1,000,000 in damages in the pending complaint, in which David Garcia Cirilo is not a named respondent.

In 2014, a customer alleged, in his capacity at Santander Securities, he breached his fiduciary duty, breached contract, committed fraud, and failed to supervise. The customer is seeking $500,000 in damages in the pending complaint, in which David Garcia Cirilo is not a named respondent.

In 2014, a customer alleged David Garcia Cirilo, while employed at Santander Securities, breached his fiduciary duty, breached contract, committed fraud, failed to supervise his representatives, and engaged in contractual negligence. The complaint settled in November 2015 for $70,000.

If you or someone you know has complaints regarding David Garcia Cirilo, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.