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.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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