Investors might have faced financial losses due to securities broker Donald DePiro [CRD: 3095140, Melville, New York], as indicated by disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. DePiro joined UBS Financial Services Inc. in Melville, NY, on February 18, 2021. Prior to this, he worked for Merrill Lynch Pierce Fenner Smith Incorporated in Riviera Beach, Florida, from September 4, 2009, to February 22, 2021. Read on for insights into DePiro's disclosures, including allegations of unauthorized trading and misrepresentation.
Notably, on August 9, 2021, a Merrill Lynch client filed a complaint about Donald DePiro. Namely, the client alleged that DePiro engaged in unauthorized trading on March 10, 2020, involving stocks. Consequently, the client reportedly suffered damages and sought $25,000 in compensation. This complaint, however, was denied on September 2, 2021.
Further, a complaint was lodged about DePiro concerning his activities at UBS Financial Services Inc. Specifically, the client accused DePiro of misrepresentation and making an unsuitable recommendation concerning the client's purchase of Lehman Brothers Principal Protected Notes. The alleged damages were $25,000. This dispute was settled on February 7, 2011, with a settlement amount of $20,000.
In another instance, a client of UBS Financial Services Inc. filed a complaint on July 10, 2009, alleging misrepresentation by DePiro regarding structured notes in October 2007. This dispute was settled on July 27, 2010, for $31,000.
If you have incurred losses because of Donald DePiro, reaching out to Soreide Law Group might be a prudent step. Engage with them online or call (888) 760-6552 to explore options for recovering your investment losses. Soreide Law Group, serving investors nationwide on a contingency fee basis, advances all costs. DePiro and the firms he worked with deny any allegations of improper sales practices.
Contact Soreide Law Group for a Free Review of Your Potential Investment Loss Claim If your financial advisor recommended Creative Media & Community Trust (NASDAQ: CMCT) and you suffered substantial losses, you may have legal rights. A CMCT investment loss attorney can help you understand your options and pursue recovery. Many investors purchased CMCT believing […]
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com