Daniel Lauletta (CRD #: 2659123), a broker registered with MML Investors Services, is facing investor allegations that he utilized deceptive sales tactics, according to his BrokerCheck record, accessed November 30, 2020. In fact, there are multiple disclosures related to unsuitable investment recommendations on his record.
On October 13, 2020, a client alleged that Daniel Lauletta provided negligent advice and utilized deceptive sales tactics to prompt the purchase of unsuitable life insurance policies. They further alleged that the policies were financed in an unsuitable manner and that Mr. Lauletta depleted retirement investments to pay collateral obligations. Once the client surrendered the securities, they alleged that they had to pay unnecessary charges and tax penalties. The client is seeking $1,000,000; the dispute is pending.
On September 8, 2020, a client alleged that Mr. Lauletta misrepresented certain securities and fraudulently convinced him to purchase an unsuitable whole life insurance policy. The client is seeking $5,000; the dispute is pending.
On December 12, 2019, a client alleged that Daniel Lauletta misrepresented certain securities and fraudulently induced him into purchasing several Variable Universal Life insurance policies. The client is seeking $25,000; the dispute is pending.
On August 25, 2014, a client alleged that Daniel Lauletta exchanged two variable annuities for fixed index annuities. The dispute has settled.
Daniel Lauletta has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Agent State Law Examination, Securities Industry Essentials Examination, Series 7 General Securities Representative Examination, Series 6 Investment Company Products/Variable Contracts Representative Examination, and the Series 26 Investment Company/Variable Contracts Principal Examination. He is a registered broker in Arkansas, Colorado, Idaho, Louisiana, Missouri, Ohio, Pennsylvania, Texas, and Washington. He is a registered investment adviser in Ohio and Texas.
Aside from his current registration at MML Investors, Daniel Lauletta has worked at the following firms:
- MSI Financial Services (CRD #: 14251)
- Cetera Advisor Networks (CRD #: 13572)
- Walnut Street Securities (CRD #: 15840)
- Financial Management Strategies (CRD #: 120818)
- Ameriprise Financial Services (CRD #: 6363)
- Lincoln Financial Advisors Corporation (CRD #: 3978)
- The Lincoln National Life Insurance Company (CRD #: 2580)
- Capital Brokerage Corporation (CRD #: 10465)
- Fort Washington Brokerage Services (CRD #: 8099)
- Capital Analysts (CRD #: 5478)
If Daniel Lauletta was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.