Can I recover losses from investments with former Cetera Advisors LLC broker Sean Mostero (CRD# 6447158)? He was registered with LPL Financial LLC in Torrance, California, from 2023 to 2024, Cetera Advisors LLC in Torrance, California, from 2022 to 2023, and First Allied Securities, Inc. in Torrance, California, from 2017 to 2022. He was an investment advisor representative with Alessandra Capital Management, LLC in Torrance, California, from 2015 until he was terminated in 2024, regarding: “Mr. Mostero abandoned his job. Mr. Mostero ceased coming to the office and did not cooperate with the firm’s requests for information regarding a complaint received regarding his professional conduct.
In March 2024, FINRA opened an investigation into the broker related to a customer complaint regarding account withdrawals.
In April 2024, FINRA barred him after he failed to respond to FINRA requests for information.
Sean Mostero Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2024. “Claimant alleges that their former representative engaged in an inappropriate relationship with Claimant, failed to protect her from poor financial decisions, and breached his duties of care, best interest, trust, and fair dealing.” The customer is seeking $350,000 in damages, and the case is currently pending. The complaint took place while he was registered with Cetera Advisors 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 Advisors LLC may be liable for investment or other losses suffered by Sean Mostero’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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