July 20, 2024

Rich Ceffalio Involved In LPL Financial Client Complaints

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker JR Richard Allen Ceffalio Jr. (also known as Rich Ceffalio) [CRD: 2619565, Arlington Heights, Illinois], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Richard Ceffalio worked for LPL Financial LLC from November 15, 2019, to July 1, 2024, and for Wells Fargo Clearing Services LLC from November 2, 2012, to December 6, 2019. Below, you’ll find a summary of the securities broker’s disclosures.

Investor Accused Ceffalio Of Forgery

Particularly, on May 27, 2024, an LPL Financial LLC client filed Civil Action No. 24-CV-04322 about Rich Ceffalio. Mainly, the client alleged that Ceffalio forged their signatures on a credit agreement in 2022. Supposedly, the securities broker also relocated the client's funds to a place where the client couldn't control them. As a result, the client requested $3,530,379.93 in compensation from LPL Financial LLC or Ceffalio. This civil suit is ongoing.

LPL Financial LLC Discharged Rich Ceffalio For Soliciting Client Loan

On May 31, 2024, LPL Financial LLC disaffiliated from Ceffalio. Evidently LPL Financial LLC alleged that Ceffalio solicited a loan from a client without getting approval from the firm. The brokerage firm also indicated that Ceffalio submitted erroneous trade corrections.

Investor Accused Ceffalio Of Unsuitable Recommendations

Specifically, on May 31, 2024, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration No. 24-01188 about Rich Ceffalio. Supposedly, Ceffalio made unsuitable recommendations. Because of this, the client's account generated losses. For this reason, the client requested compensation from Wells Fargo Clearing Services LLC or Ceffalio. Evidently, this arbitration is pending a resolution.

Clients Of LPL Financial, Wells Fargo Allege Misinformation In Complaint About Ceffalio

In addition, on July 21, 2023, clients of NewEdge Advisors, Wells Fargo Clearing Services, and LPL Financial complained about Rich Ceffalio. Mainly, the clients alleged misinformation about variable annuities and forgery of documents. As a result, the clients asked for compensatory damages. This matter is awaiting a resolution.

AG Edwards Sons Inc. Accused Ceffalio Of Negligence

Particularly, on January 31, 2000, an AG Edwards Sons Inc. client filed a complaint about Richard Ceffalio. Notably, the client alleged that Ceffalio mismanaged their investment account and was negligent. Because of this, the client allegedly sustained damages by investing in stocks. Consequently, the client requested compensation from AG Edwards Sons Inc. or Ceffalio.

Did You Suffer Losses Because Of Rich Ceffalio?

Have you experienced losses due to financial advisor / securities broker Rich Ceffalio? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer about a possible recovery. Soreide Law Group has recovered losses for hundreds of investors throughout the United States, works on a contingency fee basis, and advances all costs. Ceffalio and brokerage firms Ceffalio worked for deny accusations of sales practice violations.

S H A R E   T H I S   P O S T

Recent Posts

February 18, 2025
CONCORDE INVESTMENTS SERVICES and Bart Harrison

Soreide Law Group, based in South Florida, has filed a FINRA arbitration on behalf of their client (Claimant) against: CONCORDE INVESTMENTS SERVICES, LLC. (Respondent) The Claimant resides in Southwest Florida and maintained a relationship with CONCORDE INVESTMENTS SERVICES and its Financial Advisor, Bart Harrison. The lawsuit alleges that CONCORDE INVESTMENTS SERVICES and Bart Harrison understood […]

February 18, 2025
John Christoforidis Barred by FINRA Following Investigation

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker John Christoforidis (CRD: 2841315, Garden City, New York). Christoforidis previously worked for multiple brokerage firms, including Spartan Capital Securities LLC from 2016 to 2024. Recent regulatory actions disclose that FINRA has barred Christoforidis from the securities industry following his refusal to provide on-the-record testimony […]

February 18, 2025
Joel Freedman Faces Allegations of Unauthorized Trading

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Joel Randy Freedman (CRD#: 1260557, Radnor, Pennsylvania). Freedman has been employed in the securities industry for 40 years and has worked with several firms, including Morgan Stanley (2009-2024). As of April 2024, he is registered with Sanctuary Securities Inc. and Sanctuary Advisors LLC in […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved