DID PATRICK DEAN FRANCISCO CAUSE YOU INVESTMENT LOSSES?
Patrick Francisco Of Cetera Advisor Networks LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Patrick Francisco of Cetera Advisor Networks LLC?
Patrick Francisco (CRD #1406350) is currently registered with Cetera Investment Advisers LLC and Cetera Advisor Networks LLC in Duluth, Minnesota. His registration history includes multiple firms, indicating diverse experience across the financial industry. He has been registered with Cetera Advisor Networks since October 22, 2010, and with Cetera Investment Advisers since June 29, 2023. Over his career, Francisco has passed two general industry/product exams and two multi-state securities law exams. He is registered in 14 U.S. states and territories. Notably, his career spans several financial institutions, enhancing his broad exposure to different operational environments and client needs.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Patrick Francisco Customer Complaints and Reviews
Patrick Dean Francisco has two disclosed customer disputes:
- First Dispute (Withdrawn): A dispute filed on March 21, 2001, alleged that Francisco incorrectly advised on fees associated with the purchase of a Pacific Life variable annuity. The claimed damages were $5,000, and the complaint was withdrawn on April 19, 2001.
- Second Dispute (Pending): Filed on April 24, 2024, this pending complaint accuses Francisco of not providing a thorough explanation of a product, with alleged damages amounting to $15,000. This dispute is currently unresolved.
Allegations Against Patrick Francisco
The allegations against Patrick Dean Francisco in the context of customer disputes are as follows:
- Misadvised on Fees: In 2001, a client alleged that Francisco provided incorrect advice regarding fees associated with a variable annuity, leading to potential financial losses. This complaint was subsequently withdrawn.
- Inadequate Product Explanation: In a recent pending dispute from 2024, it is alleged that Francisco failed to provide a comprehensive explanation of a financial product, potentially affecting the client’s investment decision. The resolution of this complaint is pending.
Patrick Francisco Red Flags & Your Rights As An Investor
Of course, Patrick Francisco did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Patrick Francisco at Cetera Advisor Networks LLC on alert to review carefully the activity and performance of their accounts and question whether Patrick Francisco has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisor Networks LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cetera Advisor Networks LLC Due To Patrick Francisco
If you have questions about Cetera Advisor Networks LLC and/or Patrick Francisco and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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