Next Financial Group, Inc. Financial Advisor Stephen Dellelo Accused of Unsuitable Investment Recommendations

Posted on Saturday, September 22nd, 2018 at 9:54 am    

Next Financial Group, Inc. logo

Erez Law is currently investigating Next Financial Group, Inc. financial advisor Stephen Dellelo (CRD# 2170012) regarding unsuitable investment recommendations. Dellelo has been registered with Next Financial Group, Inc. in South Easton, Massachusetts since 2015.

Dellelo has been the subject of one customer complaint, according to his CRD report:

November 2017. “Customer alleges between 2007 and 2017, registered representative invested funds in private and illiquid investments which were unsuitable and caused customer’s investment portfolio to suffer losses.” The customer is seeking $900,000 in damages and the case is currently pending. This complaint is regarding equipment leasing, real estate security investments and investments tied to the high risk oil and gas sector

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, Next Financial Group, Inc. may be liable for investment or other losses suffered by Dellelo’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.

Disclaimer: Clients are responsible for costs. Contingency fee is calculated before deducting costs incurred in the case.