Erez Law is currently investigating LPL Financial LLC broker David Taddeo (CRD# 1163829) regarding variable annuity investment losses. He has been registered with LPL Financial LLC in La Mesa, California, since 2000.
David Taddeo Customer Complaints
He has been the subject of five customer complaints between 2002 and 2020, one of which was denied, according to his CRD report. The most recent complaints are regarding:
December 2023. “Complaint alleges unsuitability and breach of fiduciary duty with respect to a private securities transaction that was done without firm approval. (9/2020-12/29/23).” The customer is seeking $124,167 in damages. The complaint was regarding private placement losses.
July 2020. “Customer alleged that terms of variable annuity income benefit were presented in error in october 2003, that income withdrawals have been based on that error, and requests that a solution be provided. Activity period: 10/1/03 to 7/29/20.” The case was settled for $249,624. The complaint was regarding variable annuities.
April 2020. “Customer alleged that terms of variable annuity were misrepresented (sp) and sought damages of approximately $800,000. Activity dates – 6/1/07 to 1/29/20.” The case was settled for $325,000. The complaint was regarding variable annuities.
January 2020. “Customer alleged that terms of variable annuity’s income guarantee were misrepresented and sought unspecified damages of over $5,000. Activity period – 4/17/03 to 2/1/19.” The case was settled for $289,625. The complaint was regarding variable annuities.
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, LPL Financial LLC may be liable for investment or other losses suffered by David Taddeo’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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