James Landeros: Merrill Lynch Advisor Faces Options Complaint

A recent investor complaint against Santa Barbara, California financial advisor James Landeros (CRD# 6447130) alleges that he misrepresented options investments. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch, having previously been registered with UnionBanc Investment Services.

Mr. Landeros’ BrokerCheck report discloses one investor complaint. Filed in June 2024, it alleges that as a representative of Merrill Lynch, he misrepresented material facts relating to an options strategy between March 2024 and June 2024. The pending complaint alleges unspecified damages.

Merrill Lynch’s website includes a profile of Mr. Landeros that describes his services and approach. “[He] has experience helping executives manage concentrated stock positions or deal with the challenges of important transition events like retirement, inheritance or the sale of a business, as well as providing access to Bank of America Private Bank trust and estate planning services and Bank of America’s credit, lending and overall banking convenience,” it explains. “In addition, he can work with your outside attorneys, accountants and other professional advisors to help coordinate financial and legacy plans.”

According to the Financial Industry Regulatory Authority, James Landeros holds nine years of securities industry experience. Based in Santa Barbara, California, he has been registered as a broker and an investment advisor with Merrill Lynch since 2019. He was previously registered with UnionBanc Investment Services in Santa Barbara from 2015 until 2019. His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 32 state licenses. (Information current as of July 28, 2024.)

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