Last Updated: June 2024 (Arlington Heights, IL)
Richard Allen Ceffalio Jr. Investigation Summary
Here’s what you need to know about Arlington Heights, IL stockbroker Richard Allen Ceffalio Jr.:
- Name: Richard Allen Ceffalio Jr.
- Current Employer: LPL Financial LLC, New Edge Advisors
- Prior Employers: Wells Fargo, UBS Financial
- DBA: Providence Private Wealth
- Function: Stockbroker / Financial Advisor
- Primary Location: Arlington Heights, IL
- CRD Number: 2619565
- Can Richard Allen Ceffalio Jr. be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of: $3,530,379
If you’ve sustained damages from Mr. Ceffalio, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Richard Allen Ceffalio Jr. As Your Stockbroker?
In May 2024 a customer of LPL Financial LLC filed a FINRA arbitration seeking damages of $3,530,379. The allegations include that Richard Ceffalio forged their signatures on a line of credit agreement and directed the funds outside of their control. The claim is currently pending.
In a second case filed in 5/2024 a customer of Wells Fargo Clearing Services alleges that Ceffalio made unsuitable recommendations causing their accounts to underperform. A damage amount is not yet specified in this pending matter.
In a third case filed in 5/2024 a customer of LPL Financial alleges that Ceffalio provided misinformation regarding their annuities causing them to overspend. In addition, counsel for the customers alleged that Cefalio was “caught forging documents.” Damages have not been specified in this matter.
[LEARN MORE]:
Investigations involving Theft and Misappropriation of Customer Funds
Investigations involving forgery by financial advisors
Allegations of Broker Misconduct Against Richard Allen Ceffalio Jr.
Allegations
Customers of Richard Allen Ceffalio Jr. have alleged the following wrongdoing in connection with the handling of customer accounts:
- Forgery
- Unsuitable investment recommendations
- Mismanagement of accounts
- Misrepresentation
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Richard Allen Ceffalio Jr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
