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Thomas Cavaliere is Facing Allegations that He Recommended an Unsuitable Investment

Thomas Cavaliere (CRD #: 4435562), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 2, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On January 25, 2024, an investor alleged that Thomas Cavaliere made unsuitable investment recommendations. The investor is seeking $300,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information 

Thomas Cavaliere has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 11 states and is a registered investment adviser in Kansas. 

During his 22 years of experience, he has registered with six firms: 

  • LPL Financial (CRD #: 6413) 
  • IHT Wealth Management (CRD #: 171481) 
  • NVision Wealth Group (CRD #: 171952) 
  • Private Advisor Group (CRD #: 155216) 
  • Ameriprise Fiancnal Services (CRD #: 6363) 
  • IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help 

If you have worked with Thomas Cavaliere and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.