Cetera Broker Accused of Recommending Unsuitable Investments
Cetera Advisors LLC broker and investment adviser Matthew Primo Divirgilio has been accused of making unsuitable recommendations resulting in customer losses for the second time in his career. A previous customer dispute was settled for $115,000, according to the Financial Industry Regulatory Authority (FINRA).
At the investment and securities fraud law firm of Meyer Wilson, our trial lawyers have recovered over $350 million for investors who have sustained losses due to misconduct. We continue to investigate allegations of wrongdoing against brokers and advisers, including the customer disputes filed against Matthew Divirgilio.
Contact our office if you or a loved one has suffered losses after investing with Matthew Divirgilio or another broker accused of regulatory violations. Call (614) 532-4576 to schedule a free, no-obligation consultation.
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$350 Million for Our Clients Nationwide.
Customer Disputes Filed Against Matthew Divirgilio
Publicly available information indicates that Matthew Divirgilio (CRD#: 4501070) has had two customers raise disputes against him. A disclosure filed on March 21, 2022, is currently pending, with damages requested in the amount of $14,000.
Customer allegations on Divrigilio’s BrokerCheck report state that he made unsuitable recommendations. In 2017, a previous customer dispute was settled after allegations of unsuitability. The claim was settled for over $100,000.
Divirgilio is a currently registered broker and investment adviser with Cetera Advisors LLC. Previously, the broker was registered with Investors Capital Corp., Ameritas Investment Corp., and New England Securities. He has been employed with Cetera since 2016.
Holding Brokers Accountable for Wrongdoing
Investors put trust in their brokers and advisers. Industry regulations require that brokers make recommendations that are in their clients’ best interest. An investment recommendation that does not take into account your current and future financial situation, risk tolerance, portfolio, age, investment knowledge, and more may be unsuitable.
Unsuitable recommendations can result in significant losses. At Meyer Wilson, we have extensive experience investigating claims of unsuitability and other broker misconduct. We fight tirelessly to recover losses for our clients, holding all liable parties responsible for their wrongdoing.
Our lawyers are nationwide leaders in investment fraud cases.
Contact Our Office Today
Did you invest with Matthew Divirgilio or another broker accused of misconduct and suffer losses? You might be entitled to compensation through a lawsuit or FINRA arbitration. Contact our office at (614) 532-4576 for a no-cost consultation. All investor claim evaluations are free of charge and without obligation to retain our firm.
We have handled over 1,000 investor claims, securing millions of dollars on behalf of our clients. We know what it takes to take on the most complex investment misconduct cases and win. We have a proven record of success and will work with you to get the favorable outcome you deserve. Call now to get started.
Recovering Losses Caused by Investment Misconduct.
