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Did Christopher Cavallaro Recommend to You Oil & Gas Investments?

LPL Financial LLC Broker Accused of Making Unsuitable Recommendations

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. 

FINRA Arbitration Claims Filed Against Christopher Cavallaro

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. 

What Is an Unsuitable Recommendation?

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:

  • Their age;
  • Financial situation and needs;
  • Tax status;
  • Investment objectives and experience;
  • Investment time horizon;
  • Liquidity needs; and
  • Risk tolerance.

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

Contact Our Office for More Information

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. 

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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