Former MSI Financial Services, Inc. Broker Daniel Lauletta Investment Loss Options

MSI Financial Services

Were you the victim of former MSI Financial Services, Inc. broker Daniel Lauletta (CRD# 2659123)? Daniel Lauletta has been registered with MML Investors Services, LLC in Cleveland, Ohio since 2017. Previously, Daniel Lauletta was registered with:

  • MSI Financial Services, Inc. in Broadview Heights, Ohio from September 2016 to March 2017
  • Cetera Advisor Networks LLC in Valley View, Ohio from 2013 to 2016
  • Walnut Street Securities, Inc. in Valley View, Ohio October 2012 to September 2013
  • Financial Management Strategies, Inc. in Valley View, Ohio from 2012 to 2016
  • Ameriprise Financial Services, Inc. in Beachwood, Ohio from 2008 to 2012

Daniel Lauletta Faces Multiple Investor Complaints

Daniel Lauletta has been the subject of five customer complaints between 2014 and 2020, one of which was denied, according to his CRD report. The most recent complaints are regarding:

  • October 2020. “The customer alleged, beginning in 2012, that the representative provided negligent advice and utilized deceptive sales tactics to prompt the purchase of unsuitable life insurance policies, that were financed in a manner that was unsustainable, that depleted retirement investments to pay collateral obligations, and caused him to incur unnecessary surrender charges and tax penalties.” The customer is seeking $1,000,000 in damages and the case is currently pending. The complaint was regarding variable annuities and insurance and took place while Daniel Lauletta was registered with MSI Financial Services, Inc.
  • September 2020. “The Plaintiff alleges that beginning in 2016, the representative made misrepresentations and fraudulently induced him into purchasing an unsuitable whole life insurance policy.” The customer is seeking $5,000 in damages and the case is currently pending. The complaint was regarding insurance and took place while Daniel Lauletta was registered with MSI Financial Services, Inc.
  • December 2019. “Plaintiff alleges that beginning in 2011 Defendants made misrepresentations and fraudulently induced him into purchasing several Variable Universal Life Insurance policies. He seeks more than $25,000 in damages.” The customer is seeking $25,000 in damages and the case is currently pending. The complaint was regarding insurance and took place while Daniel Lauletta was registered with Ameriprise Financial Services, Inc.

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, MSI Financial Services, Inc. may be liable for investment or other losses suffered by Daniel Lauletta’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.