Lawrence Cagliostro Facing Merrill Lynch Investor’s Unsuitable Advice Dispute

One or more investors possibly experienced losses because of securities broker Lawrence P. Cagliostro Jr. [CRD: 2605127, Toms River, New Jersey], according to disclosures on FINRA BrokerCheck. Evidently, Cagliostro has worked for Merrill Lynch since August 1, 2008. Read below to learn more about the disclosures involving this securities broker.

Merrill Lynch Investor Accused Cagliostro Of Misrepresentation

Particularly, on June 18, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-01267 about Lawrence Cagliostro The client alleged that Cagliostro gave unsuitable advice and misrepresented information about investments. Consequently, the investor allegedly incurred damages linked to stocks. As a result, the client requested $500,000.00 in compensation from Merrill Lynch or Cagliostro. This arbitration is pending a resolution.

Lawrence Cagliostro Disclosed Unsuitable Recommendations Allegations By Morgan Stanley Client

Specifically, a client of Morgan Stanley disputed Lawrence Cagliostro’s sales practices, based on a complaint. Allegedly, Cagliostro made unsuitable recommendations. It appears that Cagliostro caused the client to sustain damages on equities. Therefore, Morgan Stanley agreed to settle the matter on October 24, 2007, by compensating the client totaling $4,500.00.

Seeking More Information About Securities Broker Cagliostro?

Do you have concerns or questions regarding investments you made with Lawrence Cagliostro? If so, contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. The firm also takes cases by a contingency fee arrangement and advances all costs. Cagliostro and brokerage firms Cagliostro worked for deny accusations of sales practice violations.