Advisor Alert: Our Attorneys Are Investigating Michael Albert DiPietro For Investment Fraud
Did You Lose Money Because of Mike DiPietro?
Filed: March 4, 2024
Michael DiPietro (also known as Mike Dipietro) currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Michael Albert DiPietro.
Who Is Michael Albert DiPietro?
- Advisor Name: Michael Albert DiPietro
- Aliases: Mike Albert Dipietro, Michael Dipietro
- CRD: 2811047
- Location: Pasadena, California
- Current Employer: Currently Not Registered
- Previous Firms: Centaurus Financial, Inc. and Transamerica Financial Advisors, Inc.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Can Michael DiPietro Be Sued: Yes, in Private Arbitration
- Can Michael DiPietro’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $2,199,991.92
- Highest Settlement: $550,000
If you have suffered investment losses by Michael DiPietro, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Mike DiPietro For Broker Misconduct
As of this publication date, Michael DiPietro has been the subject of 2 customer disputes. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Michael DiPietro by multiple customers of Centaurus Financial, Inc. alleging that Mr. DiPietro misrepresented speculative, high-risk investments. Per the customers, they lost over $100,000 because of Mr. DiPietro’s actions. As of this publication date, this claim remains pending.
In October 2014, FINRA initiated a regulatory action against or in reference to Michael DiPietro failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In October 2012, a FINRA arbitration was filed against or in reference to Michael DiPietro by a customer of First Allied Securities, Inc. alleging violation of federal securities law, violations of California securities laws, California unfair, unlawful, and fraudulent business practices, violations of the securities act of Arizona, violations of the Arizona consumer fraud act, violations of the Arizona insurance code provisions prohibiting unfair practices and fraud, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence from March 2008 to December 2008. Per the customer, he/she lost over $2,199,991.92 because of Mr. DiPietro’s actions. On December 23, 2013, Mr. DiPietro settled the claim for $550,000, and some or all of this amount may have been paid by Mr. DiPietro’s employer and/or insurance carrier.
How To File A Claim Against Mike DiPietro (previously with Centaurus Financial, Inc. and Transamerica Financial Advisors, Inc.) To Get Your Money Back
If you have questions about Mike DiPietro, Centaurus Financial, Inc., Transamerica Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.