Charles Garrido: AGP Advisor Lands $150K GWG Complaint

Chicago, Illinois financial advisor Charles Garrido (CRD# 1191231) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Alliance Global Partners, also known as AGP.

Mr. Garrido’s BrokerCheck report discloses three investor complaints. The most recent, filed in December 2024, alleged that as a representative of Alliance Global Partners, he did not conduct due diligence when recommending the purchase of GWG L Bonds. The pending complaint alleges damages of $150,000.

An earlier investor complaint, filed in 2004, alleged that as a representative of McDonald Investments, he breached his fiduciary duty and violated Indiana securities law. The complaint evolved into an arbitration proceeding before a NASD panel, which issued an award of $777,062 to the claimant.

A third investor complaint, filed in 2002, alleged that as a McDonald Investments representative, he recommended unsuitable investments and failed to follow instructions. In 2002 the complaint reached a settlement of $32,500.

Mr. Garrido’s LinkedIn profile includes a section where he describes his “segregationist” approach to managing his clients’ investments. “I execute this strategy by fractioning my personal beliefs and my political beliefs from my investment advice,” he writes. “I see things not just differently, I attempt to see them completely for what and why they are. In the investment world, what I think should happen does not dictate what will happen. By being objective, I give the most timely, clinical and sound advice.”

According to the Financial Industry Regulatory Authority, Charles Garrido holds 41 years of securities industry experience. Based in Chicago, Illinois, he has been registered as a broker and an investment advisor with Alliance Global Partners since 2018. His past registrations include McDonald Partners, David A. Noyes & Company, McDonald Investments, Merrill Lynch, and Shearson Lehman Hutton. His credentials include the passage of 11 securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor Exam – Options Module & General Module, or Series 8; the Operations Professional Exam, or Series 99TO; the Securities Industry Essentials Examination, or SIE; the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; the Foreign Currency Options Examination, or Series 15; the Futures Managed Funds Examination, or Series 31; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 22 state licenses. (Information current as of April 20, 2025.)

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