DID RICHARD JOHN DONATELLI CAUSE YOU INVESTMENT LOSSES?
Richard Donatelli Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Richard Donatelli of LPL Financial LLC?
Richard Donatelli (CRD #1652397) is currently employed with LPL Financial LLC in Columbiana, Ohio, where he has been registered since November 29, 2017. Donatelli has worked with multiple firms over his career, including National Planning Corporation, Woodbury Financial Services, Inc., AXA Advisors, LLC, and others, showing a broad experience in the financial industry. He is registered with one Self-Regulatory Organization (SRO) and is licensed in eight U.S. states. Donatelli has passed two general industry/product exams and one multi-state securities law exam, underlining his comprehensive qualifications in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Donatelli Customer Complaints and Reviews
Richard John Donatelli has been involved in several disclosure events:
- Criminal:
- Charged with second-degree felony burglary in 2013, which was later amended to fourth-degree misdemeanor disorderly conduct, resulting in a guilty plea and a fine of $221.00 paid in 2014.
- Customer Disputes:
- Settled Dispute: A customer alleged improper advice regarding IRA accounts, leading to a settlement of $50,000 in May 2024, with Donatelli contributing nothing. This dispute was settled by LPL for business purposes with no admission of wrongdoing.
- Denied Dispute: Another customer alleged a violation of Regulation Best Interest (Reg BI) regarding the suitability of an annuity recommendation. The complaint was denied in April 2024 after a review confirmed the advice was aligned with the client’s objectives and situation.
Allegations Against Richard Donatelli
- Criminal Allegations:
- Initially charged with burglary, which was pleaded down to disorderly conduct. Donatelli maintained he was accessing his own property and chose to accept a minor misdemeanor plea to avoid higher legal costs.
- Customer Disputes:
- IRA Advice: Alleged that Donatelli gave improper advice on managing inherited IRA accounts, leading to financial detriment.
- Annuity Recommendation: Alleged unsuitable recommendation of an annuity, claiming lack of supervision by LPL and the involved insurance company in ensuring the suitability of the product.
Richard Donatelli Red Flags & Your Rights As An Investor
Of course, Richard Donatelli 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 Donatelli at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Richard Donatelli 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 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 LPL Financial LLC Due To Richard Donatelli
If you have questions about LPL Financial LLC and/or Richard Donatelli 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.
Rate this Post
Loading...