Can you recover losses due to recommendations by Centaurus Financial, Inc. broker Richard DePalma (CRD# 4517536)? He has been registered with Centaurus Financial, Inc. in Erie, Pennsylvania, since 2007.
Richard DePalma Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2023. “In March 2020 and May 2020, the customers allege that the Registered Representative misrepresented and recommended unsuitable, high-risk, speculative and illiquid investments.” The case is currently pending. The complaint was regarding corporate debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Centaurus Financial, Inc. may be liable for investment or other losses suffered by Richard DePalma’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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