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 might have sustained financial harm through WestPark Capital Inc. [CRD: 39914, Los Angeles, California], according to publicly available information found on Financial Industry Regulatory Authority BrokerCheck. WestPark Capital has been registered with FINRA since 1996 and maintains its headquarters in Los Angeles, California. Keep reading to discover more about the regulatory action involving the […]
Investors might have sustained losses due to securities broker James Fredrick Tighe [CRD: 3129233, Phoenix, Arizona], and Financial Industry Regulatory Authority barred him, based on public information on BrokerCheck. Tighe was associated with Morgan Stanley from June 1, 2009, through January 14, 2025. Continue reading to find out more about Tighe’s regulatory and client dispute […]
Investors potentially experienced sales practice violations by securities broker Sung Moo Cho (also known as Sam Cho) [CRD: 5015906, New York, New York], and FINRA barred him, given the public information found on FINRA BrokerCheck. Cho was associated with Ameriprise Financial Services from January 22, 2021, to October 21, 2025, and Citigroup Global Markets from […]
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