RedFlags, Allegations and Complaints against Antonio DeSano
Disclosure #1 for Antonio DeSano
- Event Date: 3/26/2018
- Disclosure Type: Customer Dispute
- Resolution: Denied
- Allegations: Time Frame: March 16, 2018 to March 23, 2018 The client alleges his account was set up to be conservative and without big fluctuations that incur huge losses. The client further alleges he was not aware he had so much money tied up to China. The alleged damages are estimated to be in excess of $5,000.00
- Arbitration Docket Number:
- Broker Comment: I fully deny the allegations. They are without merit. The claim has no merit. There were multiple meetings in person and phone conversations that are documented detailing how our investment recommendation was in line with client’s risk tolerance in the Moderate category. This is backed by comprehensive, financial plan reviews and a risk assessment with client and documents with his signature agreeing on a 50/50 balanced portfolio with the equity portion mostly invested in US companies with a small allocation to emerging markets in line with UBS HouseView research. The entire market was down significantly, as the client stated he realized, but clients’ value was down much less and did not lose any money per his claim since there were no sales until the market rebounded and his value was above his desired amount. We spoke with the client the following morning of complaint which he apologized and thanked our team. Through our team’s disciplined, plan-based, process we helped him avoid losing money.
Should I file a FINRA complaint against brokers like Antonio DeSano?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by Antonio DeSano’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About Antonio DeSano
What is Antonio DeSano’s Central Registration Depository (CRD) Number?
Which firm is Antonio DeSano associated with?
CETERA ADVISORS LLC
Where is Antonio DeSano located?
28175 HAGGERTY ROAD, NOVI, MI, 48377
Where can I find more details about Antonio DeSano’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/10299 to read a detailed report for CETERA ADVISORS LLC
Are there any disclosures, allegations or complaints filed against Antonio DeSano?
Where can I download a detailed FINRA report for Antonio DeSano?
Is it safe to do business with Antonio DeSano?
We’re not sure. Please research Antonio DeSano’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:47 am
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