Richard Depalma is a registered representative with CRD number 4517536, according to BrokerCheck. BrokerCheck shows four settled customer disputes tied to Depalma's association with Centaurus Financial. The disclosures span from April 2023 to July 2025 and involve allegations of unsuitable, high-risk, or illiquid investment recommendations.
Richard Depalma July 2025 Customer Dispute Settles For $55,000
According to BrokerCheck, a customer dispute against Depalma was filed on July 15, 2025, under docket number 25-01392, naming Centaurus Financial. The customers alleged that Depalma "recommended and misrepresented unsuitable, high-risk, illiquid investments." The disclosure states that no specific dates for the alleged activity were identified in the Statement of Claim. The customers alleged damages of $124,000.
The dispute settled on September 10, 2026, per the report. The settlement amount was $55,000.
Richard Depalma December 2024 Customer Dispute Settles For $27,113
BrokerCheck shows a second customer dispute against Depalma, filed December 7, 2024, under docket number 24-02552, naming Centaurus Financial. The customers alleged that in April of 2020, Depalma "recommended an unsuitable, high-risk, illiquid investment and breached his" duties, according to the disclosure text. Alleged damages totaled $50,000.
The matter settled on August 7, 2025, the findings state. The settlement amount was $27,113.
Richard Depalma February 2024 Customer Dispute Settles For $86,500
According to the disclosure, a customer dispute filed February 13, 2024, under docket number 24-00289, named Centaurus Financial as the firm. The customers alleged that Depalma "recommended and misrepresented an unsuitable, high-risk, speculative investment and breached his" duties. Alleged damages were $150,000.
The dispute settled on July 22, 2025, per BrokerCheck. The settlement amount was $86,500.
Richard Depalma April 2023 Customer Dispute Settles For $50,000
BrokerCheck records a fourth customer dispute against Depalma, filed April 3, 2023, under docket number 23-00740, naming Centaurus Financial. The customers alleged that Depalma "misrepresented and recommended unsuitable, high-risk," investments, according to the disclosure text.
The matter settled on February 14, 2024, per the report. The settlement amount was $50,000.
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Sources
This post summarizes public records published by FINRA, including BrokerCheck, as of September 26, 2026. Allegations in customer complaints and arbitrations are claims, not findings, and a settlement is not an admission of wrongdoing. The records may be updated or corrected after this date.
