Richard Gomez Allegedly Involved With Fraudulent Company

Alleged damages are estimated to be at least $499,000

According to FINRA, in April 2015, Richard Gomez, currently registered with Avenir Financial Group, was named as a respondent to a complaint regarding a fraudulent foreign company called Praetorian whose shares he sold to investors, allegedly causing nearly $500,000 in financial losses.

The complaint alleges that he did not disclose the adverse information available about the company, resulting in his earning at least $14,950 in commissions. Gomez maintains that even though the company was fraudulent does not mean his business activities relating to the company were problematic.

FINRA’s investigation into the matter revealed that Gomez allegedly failed to uncover the multitudes of information available about Praetorian before recommending its shares to several separate clients. The investigation also alleges that Gomez recommended US Coal to investors without investigating it himself, putting him in violation of various rules.

Gomez was also implicated in a pending customer dispute on June 18, 2015 in which the complainant claimed that he violated the New York Consumer Protection Act and committed fraud and negligence, among other allegations.

According to FINRA, Gomez most recently worked for Woodstock Financial Group until June 2013. Before then, he had worked at a plethora of other firms in his nine-year career, most of which are in New York, including Rockwell Global Capital and Meyers Associates.

It is not uncommon for investors to suffer financial loss in situations like the ones alleged against Gomez. If you are an investor who has been wronged at the hands of a financial adviser, you may have legal options to fight back. Silver Law Group may be able to help you recover your losses.

At Silver Law Group, our team of experienced attorneys nationwide have the skills and expertise you need to navigate securities arbitration. If you have been negatively impacted by the misconduct or negligence of a financial adviser, call us today for a free consultation. Each case is handled on a contingent fee basis; that is, you only pay if we win your case. Contact us today to schedule your complimentary consultation.