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.
KEVIN CHRISTOPHER MCCARTHY (KEVIN C MCCARTHY) was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 5/7/2026. McCarthy was registered as a broker with MADISON AVENUE SECURITIES LLC of Hialeah, Florida, from 12/04/2007 - 01/30/2026. McCarthy was previously registered both as a broker […]
Investors might have sustained losses due to securities broker William H. Grant [CRD: 4219455, Duluth, Georgia], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. William Grant has been registered with Merrill Lynch since October 23, 2009, as both a securities broker and financial advisor. Investors are encouraged to continue reading to find […]
Investors apparently complained about securities broker James Francis Martin [CRD: 1218618, West Conshohocken, Pennsylvania], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Martin worked for Morgan Stanley from April 4, 2016, to December 2, 2022. See the following information to discover more about disclosures involving Martin and allegations reported on FINRA BrokerCheck. Martin […]
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