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I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. Questions? Contact me online or call anytime at 844-689-5754

UCB Financial Advisors Fined $5.7M by SEC Over Cherry-Picking Charges

UCB Financial Advisors

Clients of UCB Financial Advisors and its principals Lina Maria Garcia and Ramiro Jose Sugranes may have grounds for damages.

In November 2021 Sonn Law Group reported that the SEC had charged UCB Financial Advisor and it’s principals – Lina Maria Garcia and Ramiro Jose Sugranes – with running a “cherry picking” scheme.

Now the SEC is imposing fines and penalties against the firm and it’s operators to the tune of $5,700,000. In addition, Lina Garcia has been suspended from the securities industry by FINRA while Ramiro Sugranes has been barred entirely.

“Investors with UCB Financial Advisors have a very good case against UCB – Garcia and Sugranes – for securities fraud.”

Jeff Sonn, Securities Attorney

The Sonn Law Group is currently investigating allegations surrounding UCB Financial Advisors. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

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