Ozzie Ramos: $80K Bond Complaint Against WIS Advisor

Westlake Village, California financial advisor Ozzie Ramos (CRD# 2572345) recently received an investor complaint alleging that his advice resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Western International Securities, having previously been registered with Citigroup Global Markets.

Mr. Ramos’s BrokerCheck report discloses one investor complaint. Filed in November 2024, it alleges that as a representative of Western International Securities, he made an “unsuitable and misleading” recommendation to invest in a corporate bond product. The pending complaint alleges damages of $80,000.

Investors should be aware of FINRA Rule 2020, which states that brokers like Mr. Ramos may not “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” In other words, they may not providing misleading representations of material facts—that is, information that represents a significant consideration for investors considering a product or strategy—in connection with the investments they recommend their clients. Brokers who misrepresent investments may be held liable in the event that the account suffers losses.

According to the Financial Industry Regulatory Authority, Ozzie Ramos holds 29 years of securities industry experience. Based in Westlake Village, California, he has been registered as a broker and an investment advisor with Western International Securities since 2018. His registration history includes Citigroup Global Markets (Van Nuys, California; 2007-2018), Wamu Investments (1999-2007), Griffin Financial Services (1998-1999), and Fimco Securities Group (Port Washington, Wisconsin; 1995-1998). His credentials include the passage of five securities industry qualifying exams: the Futures Managed Funds Examination, or Series 31; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Nevada, New Mexico, New York, Texas, and Washington. (Information current as of December 9, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.