National investment loss lawyers KlaymanToskes is investigating David John Taddeo of LPL Financial LLC (CRD #1163829).
According to Taddeo’s FINRA BrokerCheck report, David John Taddeo, a former broker for LPL Financial LLC, was terminated due to allegations of unsuitability and breach of fiduciary duty regarding a private securities transaction conducted without firm approval, which was settled for $107,500.00.
Investors that suffered losses with David John Taddeo (LPL Financial LLC) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
David John Taddeo, a former registered broker for LPL Financial LLC based in La Mesa, CA, has been implicated in an investor complaint. The complaint pertains to allegations of unsuitability and breach of fiduciary duty in relation to a private securities transaction conducted without the approval of the firm.
According to Taddeo’s report from the Financial Industry Regulatory Authority (FINRA) BrokerCheck, the complaint was filed between September 2020 and December 2023. The claim has since been settled for a sum of $107,500. Taddeo’s alleged misconduct has not gone without consequence.
LPL Financial LLC, the firm at which he was previously registered, terminated his employment. The firm alleged that Taddeo had directed customers to participate in private securities transactions in which he was also involved. The allegations against Taddeo highlight the importance of brokers adhering to the rules and regulations set out by their firms and regulatory bodies. When brokers fail to follow these guidelines, they risk breaching their fiduciary duty to their clients. This fiduciary duty requires brokers to act in the best interest of their clients and to disclose any potential conflicts of interest.
In this case, Taddeo’s alleged participation in the private securities transaction alongside his clients raises questions about potential conflicts of interest. Furthermore, the transaction was allegedly conducted without the approval of LPL Financial LLC, which adds to the severity of the allegations. The settlement of the claim for $107,500 is a significant development in this case.
David John Taddeo (CRD# 1163829) is a financial advisor previously employed with LPL Financial LLC. An investor complaint led to Taddeo’s termination after the complaint alleged unsuitability and breach of fiduciary duty related to a private securities transaction that occurred without the firm’s approval, settling for $107,500.00.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against David John Taddeo. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with David John Taddeo, or have concerns regarding your investment portfolio at LPL Financial LLC, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.