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Christopher Cavallaro Allegedly Recommended Unsuitable Investments

Jul 11, 2022 Energy Investments

Christopher Cavallaro (CRD #: 2125009), a broker registered with LPL Financial, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on June 3, 2022. Investors may also have worked with Christopher Cavallaro through Integrated Wealth Concepts. Read on if you have questions about Christopher Cavallaro’s conduct as a broker.

Investor Disputes

On April 5, 2022, an investor alleged that Christopher Cavallaro recommended an unsuitable oil & gas investment. This dispute is currently pending.

On January 22, 2019, an investor alleged that Christopher Cavallaro recommended an investment in Future Income Payments, LLC (FIP) and that FIP stopped making payments under the agreement with the client. The investor received a settlement of $100,000.

FINRA 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. Brokers must examine the information provided in an investor’s profile, including: 

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor intends to hold the investment)
  • Investing experience
  • Tax status

Investors who rely on brokers for recommendations may be able to recoup their losses by seeking out FINRA arbitration.

Background Information

Christopher Cavallaro has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Christopher Cavallaro is a registered broker in 23 states and a registered investment adviser in Florida, Massachusetts, and Texas.

He has also worked for the following firms:

  • Lincoln Financial Advisors (CRD#:3978)
  • The Lincoln National Life Insurance Company (CRD#:2580)
  • VeraVest Investment Advisors (CRD#:105796)
  • VeraVest Investments (CRD#:3960)

Kurta Law Can Help

If you worked with Christopher Cavallaro and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.