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Claimants had been clients of USCA since 2015. DeLaFuente handled their accounts until late 2020. Claimants allege DeLaFuente failed to properly structure their accounts to meet their retirement goals and alleged that they participated in outside investment opportunities along with DeLaFuente in which he did not disclose conflicts. Specific allegations in the statement of claim include negligence, gross negligence, failure to supervise, and breach of fiduciary duty.
Damage Amount Requested
$2,200,000.00
Broker Comment
The client is a sophisticated investor, and all transactions were discussed and agreed to.
6/13/1991
Criminal
Final Disposition
Charges
FRAUD
Disposition
Reduced
Amended Charges
MISDEMEANOR LARCENY
Amended Charge Type
MISDEMEANOR
Amended Charge Disposition
Dismissed
Broker Comment
FELONY CHARGE WAS CHANGED TO MISDEMEANOR LARCENY BUT ULTIMATELY DISMISSED BY THE COURT AND ALL RIGHTS RETURNED.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
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Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.