Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors apparently complained about securities broker Richard John Donatelli (also known Rick Donatelli) [CRD: 1652397, Columbiana, Ohio], according to disclosures on FINRA BrokerCheck. Donatelli has worked for LPL Financial LLC since November 29, 2017. Previously, he worked for other firms, including Wealth Advisors Group. Here’s more about the disclosures against Donatelli.
Specifically, on April 2, 2024, a Wealth Advisors Group client filed a complaint about Richard Donatelli. The client alleged that Donatelli made unsuitable recommendations regarding an annuity, which was not in the client's best interest. Moreover, the client alleged that LPL Financial LLC and Pacific Life failed to supervise the suitability of the transaction. As a result, the client sustained damages. Therefore, the client requested $79,437.04 in compensation from Wealth Advisors Group. However, the firm denied this complaint.
Evidently, a client of LPL Financial LLC contested Richard Donatelli’s sales practices by filing FINRA Arbitration No. 22-02189. Allegedly, Donatelli made unsuitable recommendations regarding inherited IRA accounts. It appears that Donatelli caused the client to sustain damages on mutual funds. Therefore, LPL Financial LLC opted to settle the matter on May 9, 2024, by compensating the client in the amount of $50,000.
Are you looking for more information about Richard Donatelli? If you incurred losses, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Donatelli and brokerage firms Donatelli worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
Phone:
Fax: 1-954-760-6553
Email: [email protected]