Commonwealth Financial Network broker Richard Rustic (CRD# 1128406) faces customer complaints regarding breach of fiduciary duty. He has been registered with Commonwealth Financial Network in Bristol, Connecticut, since 2002.
Richard Rustic Customer Complaints
He has been the subject of two customer complaints in 2023, according to his CRD report:
February 2024. “Daughter of deceased client alleging advisor breached his fiduciary duty when he allowed the decedent to sign a change of beneficiary form, changing the beneficiary of several IRAs from the daughter to the decedent’s wife.” The case is currently pending. The complaint took place while he was registered with Commonwealth Financial Network.
August 2023. “Daughter of deceased client alleging advisor breached his fiduciary duty when he allowed the decedent to sign a change of beneficiary form, changing the beneficiary of several IRAs from the daughter to the decedent’s wife.” The case is currently pending. The complaint took place while he was registered with Commonwealth Financial Network.
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, Commonwealth Financial Network may be liable for investment or other losses suffered by Richard Rustic’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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