Investors apparently complained about securities broker David Joseph Perrotto [CRD: 4960240, Webster, New York], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. David J. Perrotto worked for Cetera Advisors LLC from March 1, 2012, to November 3, 2025, and Cetera Investment Advisers LLC from March 22, 2024, to November 3, 2025, before registering with Bright Futures Wealth Management LLC on August 16, 2021, and later Silver Oak Securities, Incorporated on November 4, 2025. Continue reading to discover more about disclosures involving this securities broker.
Particularly, a Cetera Advisors LLC client filed Civil Action No. 712421/2024 involving David Perrotto. The client alleged investment recommendations that resulted in losses. Because of this, the client allegedly incurred damages related to real estate securities. The civil suit was brought in the Supreme Court of the State of New York, County of Queens, with notice served on June 27, 2024. The matter was settled on September 29, 2025, when Cetera Advisors LLC paid the client $350,000 in damages. Perrotto did not make an individual contribution and denied the allegations.
Unsuitable recommendations generally refer to situations where a securities broker or financial advisor suggests investments that do not align with a client’s financial situation, risk tolerance, investment objectives, or time horizon. Suitability rules are designed to help ensure that recommendations are appropriate based on each client’s individual circumstances.
Did you suffer any investment-related losses because of David Perrotto? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Perrotto and brokerage firms Perrotto worked for deny accusations of sales practice violations.
Investors have reportedly disputed the sales practices of securities broker Mark James Bloom [CRD: 6933619, Atlanta, Georgia], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mark Bloom worked for Avantax Investment Services Inc. and Avantax Advisory Services from March 26, 2021, to September 5, 2025, and later registered with Cetera Wealth […]
Investors potentially incurred losses because of securities broker Raymond Edward DesRosiers (also known as Ray DesRosiers) [CRD: 4621826, Greenwich, Connecticut], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. DesRosiers worked for Emerson Equity LLC from March 24, 2017, to May 2, 2022, WealthForge Securities LLC from May 6, 2022, to March 1, […]
Investors potentially experienced sales practice violations by securities broker Shannon Dwain Moore [CRD: 2934682, Jefferson City, Tennessee], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Shannon Moore has worked for LPL Financial LLC since October 11, 2011, where he has been registered while serving clients in Tennessee. Investors should continue reviewing the information […]
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