(CRD #1191231, Chicago, Illinois)

December 17, 2025 – An AWC was issued in which Charles Henry Garrido fined $10,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Garrido consented to the sanctions and to the entry of findings that he exercised discretion in customer accounts without written authorization with approximately 2,500 trades in over 200 customer accounts. The findings stated that while the customers understood Garrido was conducting trading in their accounts, none had given him prior written authorization, and his member firm had not accepted the accounts as discretionary. On each of his firm’s annual compliance questionnaires, Garrido inaccurately stated that he did not exercise discretion in customer accounts. The findings also stated that Garrido sent text messages related to his securities business that were not retained by his firm. The text messages included, among other things, investment recommendations as well as information about specific trades, brokerage account performance and balances, transfers of funds, issuers, and market events. Garrido did not provide copies of those text messages to the firm, which caused his firm to maintain incomplete records of business communications. The suspension is in effect from January 20, 2026, through April 19, 2026. (FINRA Case #2023077059102) If you have suffered losses as a result of Charles Henry Garrido's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Charles Henry Garrido. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.