Ausdal Financial Partners, Inc. broker Robert Devita (CRD# 1865964) faces complaints related to unsuitable investment recommendations. He has been registered with Ausdal Financial Partners, Inc. and Ausdal Financial Partners, Inc. in Downers Grove, Illinois, since 2010.
Robert Devita Customer Complaints
He has been the subject of two customer complaints between 2024 and 2026, according to his CRD report:
May 2026. “Client alleges Unsuitable Recommendations, Breach of Fiduciary Duty, Negligence, Failure to Supervise, Misrepresentation and Omission, Violation of Finra Rules and industry standards related to illiquid/alternative investments purchased through his representative at Moloney Securities, and prior to moving his accounts to Ausdal. At no time has Mr. DeVita been the client’s representative, nor did he supervise the transactions at issue as they were not purchased through Ausdal.” The customer is seeking $400,000 in damages, and the case is currently pending. The complaint was regarding illiquid alternative investments, and it took place while he was registered with Molony Securities Co., Inc.
June 2024. “violation of IL securities law; violation of regulation best interest; breach of fiduciary duty; negligence and negligent supervision.” The customer sought $25,000 in damages, and the case was settled for $8,500. The complaint took place while he was registered with Ausdal Financial Partners, 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, Ausdal Financial Partners, Inc. may be liable for investment or other losses suffered by Robert Devita’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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