DID RICHARD ALLEN CEFFALIO JR CAUSE YOU INVESTMENT LOSSES?
Richard Ceffalio Jr Formerly With LPL Financial LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About Richard Ceffalio Jr formerly with LPL Financial LLC?
Richard Ceffalio Jr (CRD #2619565) has a well-documented career in the securities industry but is not currently registered. He has previously worked with several reputable firms including LPL Financial LLC, Wells Fargo Clearing Services, LLC, and UBS Financial Services Inc., with his most recent registration ending in July 2024. Ceffalio has passed seven securities industry exams including two principal/supervisory exams (Series 9 and Series 10), three general industry/product exams (SIE, Series 7, Series 31), and two multi-state securities law exams (Series 63 and Series 66). His career trajectory showcases his long-term involvement and varying levels of responsibility within the industry across multiple states.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Ceffalio Jr Customer Complaints and Reviews
Richard Ceffalio’s record includes several disclosure events:
- Customer Disputes (4 incidents):
- Pending Dispute: Allegations of signature forgery on a credit line agreement and misdirection of funds in March 2022, with potential damages exceeding $3.5 million, case pending as of May 2024.
- Pending Dispute: Unsuitable investment recommendations led to substantial losses, case filed with FINRA in May 2024, specific damage amounts unspecified but claimed.
- Pending Dispute: Allegations from May 21, 2024, include document forgery related to annuity transactions.
- Termination (1 incident):
- Discharge from LPL Financial LLC: On May 31, 2024, Ceffalio was discharged due to soliciting a loan from a customer without firm approval and submitting inaccurate trade corrections.
Allegations Against Richard Ceffalio Jr
- Regulatory Actions and Customer Complaints:
- Accused of forgery involving a client’s signature on financial documents, leading to unauthorized financial transactions.
- Made investment recommendations that were allegedly unsuitable for the clients’ financial situations, causing underperformance and financial losses.
- Alleged forgery related to annuity documents, indicating potential misinformation provided to clients about their investments.
- Termination Details:
- Solicited a loan from a client without proper notification to or approval from his brokerage firm, an action against firm policy.
- Submitted trade correction forms with inaccurate justifications, questioning his adherence to industry standards and ethical practices.
Richard Ceffalio Jr Red Flags & Your Rights As An Investor
Of course, Richard Ceffalio Jr 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 Richard Ceffalio Jr at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Richard Ceffalio Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firms’ 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 LPL Financial LLC Due To Richard Ceffalio Jr
If you have questions about LPL Financial LLC and/or Richard Ceffalio Jr 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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