National investment loss lawyers KlaymanToskes is investigating broker Joseph Trotta of LPL Financial (CRD #449594).
According to FINRA BrokerCheck, broker Joseph Trotta of LPL Financial is currently facing an investor dispute alleging that he misrepresented the effects of withdrawals on an annuity’s guaranteed minimum income benefit, causing the client to nearly exhaust the annuity account value and decrease their lifetime income payment, with the investor seeking $150,000 in damages.
Investors that suffered losses with broker Joseph Trotta are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Joseph Trotta, a broker with LPL Financial, is currently facing an investor dispute. According to his BrokerCheck record, the customer alleges that Trotta did not explain how withdrawals would affect an annuity’s guaranteed minimum benefit. Because of this, the investor alleges their annuity’s account value almost ran out, and lifetime income payments were reduced. The investor is seeking $150,000 in damages. Over his career, Trotta has worked with nine firms, including LPL Financial, Raymond James Financial Services, IFG Network Securities, Investors Asset Management, and John Hancock Distributors.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Joseph Trotta. 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 broker Joseph Trotta, or have concerns regarding your investment portfolio at LPL Financial, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.