Investors potentially experienced sales practice violations due to securities broker Richard Dennis Laspaluto (also known as Rick Laspaluto) [CRD: 2541603, Las Vegas, Nevada], according to publicly available information on FINRA BrokerCheck. It appears that Richard Laspaluto joined Centaurus Financial Inc. on August 29, 2005, working as both a securities broker and financial advisor. Read the following sections to know more about the investor disputes involving Laspaluto.
Specifically, a Centaurus Financial Inc. client filed FINRA Arbitration No. 24-00818 about Richard Laspaluto. Notably, the client alleged that Laspaluto made unsuitable recommendations, mismanaged the account, and breached his fiduciary duty. As a result, the client allegedly experienced damages relating to variable annuities and real estate securities (REITs). Consequently, on May 28, 2025, Centaurus Financial Inc. settled this matter by paying the client $28,500.00 in damages.
Also, a client of Centaurus Financial Inc. disputed Richard Laspaluto’s sales practices by filing FINRA Arbitration No. 11-01100. Allegedly, Laspaluto made unsuitable recommendations, breached his fiduciary duty, breached a contract, violated FINRA rules, and violated state and federal securities laws. It appears that Laspaluto caused the client to sustain damages connected to real estate securities. So, Centaurus Financial Inc. opted to settle the matter on November 18, 2011, by compensating the client in the amount of $90,818.92.
Do you have concerns or questions regarding investments involving Richard Laspaluto? If so, touch base with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes investor cases on a contingency fee basis and advances the costs. Laspaluto and brokerage firms Laspaluto worked for deny allegations of sales practice violations.
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