Last Updated: February 2025 (Campbell, CA)
National securities fraud lawyers at Patil Law P.C. are investigating current Fidelity Brokerage Services LLC broker Antonio Del Castillo (CRD #4986536) regarding allegations of recommending unsuitable investment strategies that resulted in significant client losses.
The investigation stems from a customer complaint alleging that Mr. Del Castillo recommended inappropriate investment strategies while at Charles Schwab & Co., resulting in substantial losses.
Critical Insights About Campbell Financial Advisor Antonio Del Castillo
- Advisor Name: Antonio Del Castillo
- CRD: 4986536
- Location: Campbell, CA
- Current Employer: Fidelity Brokerage Services LLC
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: 851 East Hamilton Ave., Suite 100, Campbell, CA 95008
- Can Antonio Del Castillo be sued in FINRA arbitration: Yes
- Customer Disputes: One disclosed complaint
- Current Registrations: Licensed in 16 states
- Years of Experience: Since 2005
- Previous Employers: Ameriprise Financial Services, Charles Schwab & Co., Strategic Advisers, Inc.
- Professional Qualifications: Series 7, 63, 66 licenses; Certified Financial Planner
- Current Status: Active with Fidelity
Details of Recent Customer Complaint
A customer complaint filed in January 2025 alleges:
- Unsuitable investment strategy recommendations
- Approximately $129,000 in losses
- Investment recommendations not in client’s best interest
- Incidents occurring in January 2021
- Complaint status: Denied by firm
Analysis of Alleged Misconduct
The allegations raise serious concerns about:
- Investment suitability
- Risk assessment procedures
- Portfolio management practices
- Client best interest obligations
- Investment strategy implementation
- Fiduciary duty compliance
Regulatory Framework and Investor Protection SEC Regulation Best Interest
Reg BI requires:
- Suitable investment recommendations
- Client best interest prioritization
- Proper risk assessment
- Clear disclosure of risks
- Appropriate investment strategies
- Regular portfolio review
FINRA Rules and Their Significance
FINRA Rule 2111 mandates:
- Reasonable basis suitability
- Customer-specific suitability
- Quantitative suitability
- Due diligence in recommendations
- Proper risk assessment
- Documentation of suitability
Professional Background
Mr. Del Castillo’s career includes:
- Entry into securities industry in 2005
- Current position at Fidelity since 2023
- Previous experience at major firms
- Multiple state licenses
- Investment adviser registration
- Certified Financial Planner designation
Red Flags for Investors
- Recent customer complaint
- Allegations of unsuitable recommendations
- Significant client losses
- Multiple firm changes
- Best interest concerns
- Investment strategy issues
- Risk management questions
Implications for Current and Former Clients
Current and former clients should:
- Review investment strategies
- Assess portfolio suitability
- Examine account statements
- Verify risk tolerance alignment
- Document communications
- Evaluate investment losses
- Consider independent review
- Monitor account performance
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about unsuitable investment recommendations or losses in your account handled by Mr. Del Castillo, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
