Donald Codori Subject of Regulation Best Interest Allegations

Donald Codori (CRD #: 49451), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 10, 2024. Details concerning these allegations are provided below. 

Investor Allegations 

On April 17, 2024, an investor alleged that Donald Codori recommended an annuity that was not in his best interest. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of Regulation Best Interest also violate this rule. 

Background Information 

Donald Codori has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 7TO General Securities Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 1 Registered Representative Examination 
• Series 53 Municipal Securities Principal Examination 
• Series 24 General Securities Representative Examination 
• Series 26 Investment Company Products/Variable Contracts Principal Examination 

He is a registered broker in 16 states and is a registered investment adviser in Rhode Island. 

During his 52 years of experience, Donald Codori has registered with 23 firms. These are the five most recent: 

• LPL Financial (CRD #: 6413) 
• Osiac Wealth (CRD #: 23131) 
• Sagepoint Financial (CRD #: 133763) 
• Mutual Service Corporation (CRD #: 4806) 
• Eastern Point Advisors (CRD #: 107123) 

Kurta Law Can Help 

If you have worked with Donald Codori and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.