LPL Financial LLC broker Christopher Cavallaro has been accused of making unsuitable oil & gas investment recommendations to multiple customers. In addition to the three pending disputes, the experienced broker has one settled customer dispute against him.
At Meyer Wilson, we represent individuals who have sustained losses as a result of stockbroker misconduct or investment fraud. Our lawyers have recovered over $350 million on behalf of clients nationwide. If you invested in oil & gas investments at the recommendation of Christopher Cavallaro or another broker, contact our office at +16145324576 to schedule a free consultation.
According to the BrokerCheck report of Christopher Cavallaro, the LPL Financial LLC broker has been accused of misconduct by three clients. Each of the disputes alleges that Cavallaro made unsuitable oil & gas investment recommendations. The recommendations reportedly occurred while the broker was employed with Lincoln Financial Advisors Corporation.
In all of the claims, customers allege losses exceeding $5,000. The most recent dispute involves damages of $75,000. The broker has one settled dispute filed against him. As reported, the claimant alleged that while working as a registered representative of Lincoln Financial Advisors Corporation Cavallaro recommended investment in Future Income Payments, LLC (FIP) which stopped making payments pursuant to the agreement. The matter was settled for $100,000.
Under FINRA Rule 2111, broker-dealers and their associated representatives must make investment recommendations that are suitable for their clients. They must use reasonable diligence to ensure that the recommendation is in line with the customer’s investment profile.
A customer’s investment profile may include but is not limited to:
Making a recommendation that does not meet the client's objectives or needs may result in substantial losses and be considered unsuitable. In other words, unsuitable investment recommendations are those that are not made in the best interest of the client. If you believe that your broker made unsuitable investments resulting in investment losses, you need to speak to an investment fraud lawyer.
Did you sustain losses after investing in an unsuitable recommendation by Christopher Cavallaro or another broker accused of misconduct? Contact our office at +16145324576 to schedule a free, no-obligation consultation. We provide representation for aggrieved investors nationwide.
At Meyer Wilson, we have secured hundreds of millions of dollars on behalf of our clients. We are experienced trial lawyers, unafraid to litigate cases. Since 1999, we have helped over one thousand clients throughout the country. If you believe that your broker made an unsuitable recommendation, you may be entitled to compensation. Call our office now to speak directly with an attorney.