Andrew DePatie (CRD#: 6960840), a former broker, has recently left LaSalle St. Securities. Meyer Wilson has fielded calls from investors with DePatie regarding his investment strategies, which may be correlated to this recent departure in December. It should be noted that these complaints are still under further investigation by Meyer Wilson, as they may be inaccurate. These complaints have nonetheless raised serious concerns about whether DePatie’s investment practices may have harmed his clients. We are now investigating DePatie’s actions and the circumstances surrounding his departure from LaSalle St. Securities.
At Meyer Wilson, we specialize in representing investors who have suffered financial losses due to misconduct by brokers and financial advisors. If you have been affected by Andrew DePatie or broker misconduct by someone else, contact us today for a free consultation.
Who Is Andrew DePatie?
Andrew DePatie is a former registered broker who was affiliated with LaSalle St. Securities, a financial services firm offering brokerage and investment advisory services. While specific details about his employment tenure remain unclear, Meyer Wilson has found that DePatie recently left LaSalle St. Securities, but has not disclosed the reasoning behind it. His BrokerCheck report shows that his tenure at LaSalle ended on December 16, 2024, but it has not been disclosed why.
Allegations and Concerns
Broker misconduct can take many forms, including unauthorized trading, failure to disclose risks, and recommending investments that are not suitable for a client’s financial goals or risk tolerance. If these types of activities are proven in relation to DePatie, it could indicate a breach of fiduciary duty and securities regulations. Investors impacted by such actions should reach out to an experienced securities fraud attorney for next steps.
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About LaSalle St. Securities
LaSalle St. Securities (CRD#: 7191) is a financial services firm that provides brokerage and advisory services to individual and institutional clients. Founded in 1974, the firm is headquartered in Elmhurst, Illinois, and operates as part of the LaSalle St. family of companies. While LaSalle St. Securities markets itself as a client-focused and independent brokerage, the firm has faced regulatory scrutiny and client complaints over the years.
Regulatory History
LaSalle St. Securities has been the subject of multiple investigations and regulatory actions by the Financial Industry Regulatory Authority (FINRA). These include settlements surrounding a failure to supervise their brokers adequately, which is a critical responsibility of any brokerage firm. FINRA has emphasized the importance of supervisory procedures to prevent broker misconduct, and failures in this area can leave investors vulnerable to unsuitable or fraudulent investment practices.
Client Complaints and Legal Actions
In addition to regulatory actions, LaSalle St. Securities has a history of client complaints alleging losses caused by the misconduct of their brokers. These complaints have ranged from unsuitable investment recommendations to misrepresentation of financial products. Investors who have experienced significant financial losses often cite a lack of proper oversight and accountability within the firm as contributing factors.
How Meyer Wilson Can Help
The complaints that Meyer Wilson is currently investigating against Andrew DePatie and his recent departure from LaSalle St. Securities raise significant concerns for investors. While these may prove to be untrue, broker misconduct can have devastating financial consequences, and it is crucial for investors to understand their rights when such issues arise. LaSalle St. Securities’ history of regulatory challenges further underscores the importance of holding financial firms accountable for their supervisory responsibilities.
If you worked with Andrew DePatie and believe that his investment practices may have caused you financial harm, Meyer Wilson is here to help. We have decades of experience representing investors in claims against brokers and financial institutions. Our dedicated team has successfully recovered more than $350 million for clients in cases involving unsuitable investments, excessive trading, and other forms of investment fraud.
Our lawyers are nationwide leaders in investment fraud cases.
Frequently Asked Questions
Who is Andrew DePatie?
Andrew DePatie is a former broker who was affiliated with LaSalle St. Securities. He left the firm in December 2024 and is not currently registered with any FINRA member brokerage firm.
How do I know if I have a claim?
If you worked with Andrew DePatie or LaSalle St. Securities and experienced significant financial losses, you may have a claim. Contact Meyer Wilson for a free consultation to evaluate your case.
Recovering Losses Caused by Investment Misconduct.
