Former Cetera Advisors LLC Broker Gerald Fasanella Accused of Unauthorized Trades

Cetera Investment Services LLC

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Cetera Advisors LLC broker Gerald Fasanella (CRD# 849312) regarding allegations of unauthorized trading. He has been registered with Cetera Advisors LLC in Melbourne, Florida from 2014 to 2019, when he was terminated regarding unauthorized trades allegations.

Gerald Fasanella Customer Complaints

He has been the subject of eight customer complaints between 1989 and 2020, one of which was denied and one was closed without action, according to his CRD report. The most recent complaints are regarding: 

December 2020. “Claimants allege that their registered representative recommended unsuitable investments.” The customer sought $400,000 in damages and the case was settled for $137,500. The complaint was regarding variable annuities, direct investments, insurance, oil and gas investments, and real estate securities. 

February 2020. “Misleading on investments for puts and calls.” The customer sought $40,000 in damages and the case was settled for $6,935.35. The complaint was regarding options losses.

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 Advisors LLC may be liable for investment or other losses suffered by Gerald Fasanella’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.