Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors apparently complained about securities broker David John Taddeo [CRD: 1163829, La Mesa, California], according to disclosures on FINRA BrokerCheck. According to the regulator, Taddeo worked for LPL Financial LLC from September 26, 2000, to March 8, 2024. Keep reading to learn more about the disclosures related to David Taddeo.
Specifically, on January 24, 2025, an LPL Financial LLC client filed a complaint about David Taddeo. The client alleged that Taddeo made unsuitable recommendations regarding the sale of a variable annuity in 2010. Therefore, the client requested $202,000 in compensation from LPL Financial LLC. However, the firm later denied the complaint on February 21, 2025.
Particularly, on February 9, 2024, LPL Financial LLC disaffiliated with David Taddeo. The firm alleged that Taddeo told clients to participate in private securities transactions in which he also participated.
Also, a client filed a complaint about David Taddeo. Specifically, the client alleged that Taddeo made unsuitable recommendations and breached his fiduciary duty regarding a private securities transaction between September 2020 and December 29, 2023. Because of this, the client allegedly sustained damages on private placements. Therefore, on February 16, 2024, LPL Financial LLC settled this matter by paying the client $107,500 in damages.
Evidently, a client of LPL Financial LLC contested David Taddeo’s sales practices, according to a complaint. Allegedly, Taddeo made misrepresentations of material fact regarding the terms of a variable annuity income benefit in October 2003, which led to income withdrawals being based on an error. Therefore, LPL Financial LLC opted to settle the matter on December 10, 2020, by compensating the client in the amount of $249,624.
Also, a client filed a complaint about David Taddeo. Specifically, the client alleged that Taddeo made misrepresentations of material fact regarding the terms of a variable annuity. Because of this, the client allegedly sustained damages. Therefore, on July 7, 2020, LPL Financial LLC settled this matter by paying the client $325,000 in damages.
Specifically, a client of LPL Financial LLC contested David Taddeo’s sales practices, according to a complaint. Allegedly, Taddeo made misrepresentations of material fact regarding a variable annuity’s income guarantee. Therefore, LPL Financial LLC opted to settle the matter on June 19, 2020, by compensating the client in the amount of $289,625.
Are you looking for more information about David Taddeo? If you incurred losses, get in touch with Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the country, represents clients on a contingency fee basis, and advances all costs. Taddeo and brokerage firms Taddeo worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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