Investors might have sustained losses because of securities broker Salvatore Bonetti [CRD: 4494241, Westbrook, Maine], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Bonetti joined Cetera Wealth Services LLC and Cetera Investment Advisers LLC on June 30, 2025. Previously, he worked for Insight Folios, Purshe Kaplan Sterling Investments, and MML Investors Services LLC between March 2017 and July 2025. Below, you can learn more about Bonetti’s disclosures, including a client complaint and a regulatory sanction.
Particularly, a client brought a complaint about Salvatore Bonetti. The client alleged that Bonetti made unsuitable recommendations in aggressive stocks, despite the client being a conservative investor. For this reason, the client allegedly experienced damages. Consequently, on October 8, 2024, MML Investors Services LLC settled this matter by paying the client $100,000 in damages.
Specifically, FINRA issued Case: 2015044363401 on June 9, 2016 sanctioning Salvatore Bonetti. Allegedly, Bonetti altered information about clients at Morgan Stanley, which affected more than 60 accounts, without their knowledge or consent. His changes caused the firm’s records to be inaccurate. Therefore, Bonetti was suspended for 30 business days and fined $5,000.
Are you concerned regarding investments you made through Salvatore Bonetti? You can reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney. Soreide Law Group helps recover losses for investors throughout the United States. Also, the firm works on a contingency fee arrangement and advances all costs. Bonetti and brokerage firms Bonetti worked for deny accusations of sales practice violations.
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