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Richard Casolari of Voya Financial Advisors and Formerly with MetLife Securities Has 4 Customer Complaints for Alleged Broker Misconduct

Who is Richard Casolari of Voya Financial Advisors?

Richard Casolari (CRD #42779) who is currently registered with Voya Financial Advisors and located in Palos Heights, Illinois is a subject of one of our many securities industry sales practice abuse investigations.

Prior to Voya Financial Advisors, Richard Casolari was associated with MetLife Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Richard Casolari Customer Complaints

Richard Casolari has been the subject of 4 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Three of Richard Casolari’s 4 customer complaints were settled in favor of investors. One of Richard Casolari’s customers’ complaints was denied and the customers did not take any further action.

Allegations Against Richard Casolari

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • The claimant’s allegations against Richard Casolari include negligence, breach of fiduciary duty, and violation of the Illinois Securities Act arising from allocation decisions with respect to the claimant’s portfolio.
  • Claimants allege that Richard Casolari violated his fiduciary duty by “making material misrepresentations; failing to disclose material facts; and recommending transactions that were inappropriate and excessive given their financial position, needs, and investment objectives.”
  • The client alleges Richard Casolari made unsuitable recommendations, material misrepresentations, exercised discretionary power in the client’s account, and failed to disclose material facts regarding his investments.
  • The complainant alleges that Richard Casolari took money from her annuity account at various times.

Richard Casolari Red Flags & Your Rights as An Investor

Of course, Richard Casolari did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Richard Casolari at Voya Financial Advisors and MetLife Securities on alert to review carefully the activity and performance of their accounts and question whether Richard Casolari has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Voya Financial Advisors and MetLife Securities also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses at Voya Financial Advisors Due to Richard Casolari

If you have questions about Voya Financial Advisors, MetLife Securities, and/or Richard Casolari and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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