Were you the victim of former Cetera Advisor Networks LLC broker Donald Savaglia (CRD# 3106269) regarding real estate securities losses due to investment fraud? He has been registered with Woodbury Financial Services, Inc. in Oak Creek, Wisconsin since 2019. Previously, he was registered with Cetera Advisor Networks LLC in Oak Creek, Wisconsin from 2013 to 2019.
Donald Savaglia Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
February 2022. “According to a disclosure by Cetera, the claimant alleges negligence, breach of fiduciary duty, material misrepresentations and omissions and failure to supervise.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding real estate securities and took place while he was registered with Cetera Advisor Networks LLC.
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, Cetera Advisor Networks LLC may be liable for investment or other losses suffered by Donald Savaglia’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.