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Donald DeVito Has Received Five Customer Complaints

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Donald DeVitoPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 7, 2017 indicate that former New York-based Wells Fargo Advisors broker/adviser Donald DeVito has received several resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. DeVito (CRD# 1096364).

Donald DeVito has spent 33 years in the securities industry and was most recently registered with Wells Fargo Advisors in Albany, New York (2007-2016). Previous registrations include Morgan Stanley DW in Albany, New York; Merrill Lynch in New York, New York; and Individual’s Securities. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received five customer complaints and one pending customer complaint.

In January 2017 a customer alleged Donald DeVito, while employed at Wells Fargo Advisors, executed unauthorized trades. The complaint settled in May 2017 for $300,000.

In 2016 a customer alleged Donald DeVito, while employed at Wells Fargo Advisors, charged excessive commission fees. The complaint settled for more than $7,000.

In 2016 a customer alleged Donald DeVito, while employed at Wells Fargo Advisors, made unsuitable investments. The complaint settled in January 2017 for $55,000.

In 2016 a customer alleged he, while employed at Wells Fargo Advisors, made unsuitable transactions and executed trades without providing notification. The complaint settled in April 2017 for $90,000.

In 2001 a customer alleged he, while employed at Morgan Stanley, committed fraud, breached contract, recommended unsuitable investments, breached his fiduciary duty and churned investments. The complaint settled for $155,000.

In December 2016 he was terminated from his position at Wells Fargo Advisors following allegations of “Concerns related to the level of trading in accounts.”

If you or someone you know has lost money investing with Donald DeVito, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.