Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Has Matthew Divirgilio Sold You Inappropriate Investments?

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. 

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.

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.

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 .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram