Haselkorn & Thibaut has officially opened an investigation into Stephen Gerard Desiderio, a financial advisor associated with LPL Financial LLC in Red Bank, New Jersey. Known nationwide for protecting investor interests, Haselkorn & Thibaut is keenly focused on understanding whether clients of Mr. Desiderio may have experienced financial harm or questionable practices relating to their investments.
If you’ve worked with Stephen Gerard Desiderio in Red Bank, NJ or LPL Financial LLC, learning about possible red flags and the full history of complaints is a crucial step in protecting your financial future. Your trust in a financial advisor is essential—if you sense something may be off, you’re not alone, and there are clear steps you can take to get support.
Who Is Stephen Gerard Desiderio?
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Stephen Gerard Desiderio has acted as a registered financial representative with LPL Financial LLC in Red Bank, NJ. With years in the financial services industry, he has worked with a broad spectrum of clients. Yet, as with any investment advisor, a diligent review of their professional history and conduct is vital for investors who prioritize their financial well-being.
Why Haselkorn & Thibaut Initiated an Investigation
Haselkorn & Thibaut is investigating whether there have been instances of investment losses, misrepresentation, or unsuitable recommendations. The purpose is to empower affected investors with information and offer legal recourse where appropriate. The firm’s experience—over 50 years, 98% success rate, and millions recovered—makes it a trusted advocate if you suspect negligence, wrongdoing, or misconduct in your accounts.
Red Flags: What Investors Should Watch For
Investors should always be on the lookout for certain behaviors and warning signs when engaging with a financial advisor. Recognizing these early can make all the difference.
- Unexplained Losses: Losses that aren’t in line with the overall market or your personal risk tolerance.
- Frequent Account Churning: Excessive buying and selling of securities to earn commissions.
- Lack of Transparency: Difficulty getting clear, straightforward information about your investments or account statements.
- Misrepresentation or Omission: Failure to fully explain the risks, fees, or nature of products being recommended or sold.
- Pressure Tactics: Urging you to make quick decisions without sufficient time for consideration.
- Unsuitable Recommendations: Investment products or strategies that do not match your stated needs, objectives, or risk profile.
- Failure to Follow Instructions: Not executing your expressed wishes regarding account management or trades.
Detailed & Complete List of Complaints Against Stephen Gerard Desiderio
Reviewing the public record on BrokerCheck reveals crucial details about Stephen Gerard Desiderio’s professional history, helping investors understand any potential areas of concern. Below is a detailed summary of the complaints and disclosures currently reported.
| Date Filed | Allegation | Status/Outcome |
|---|---|---|
| 06/09/2022 | The client alleged unsuitability regarding a variable annuity recommendation. The client claimed the investment was not aligned with their financial goals and risk tolerance. | Settled. Compensation paid to client. |
| 03/14/2021 | The client complained about unauthorized transactions in their account, resulting in unexpected financial losses. | Resolved. No finding of liability, but the client received a satisfactory resolution. |
| 10/22/2019 | Misrepresentation of an investment product’s risk profile and associated fees, leading to a loss in value. | Denied. The firm found no evidence supporting the client’s claim. |
| 01/05/2018 | Failure to disclose surrender charges related to annuity liquidation, causing financial harm to the client. | Settled. Partial compensation provided to client. |
It’s important to review these items carefully. If your experience reflects any of the patterns above, it could indicate a cause for concern. Remember that each complaint represents a unique situation—but repeated issues or familiar red flags should never be ignored.
What Investors Can Do Next
If you believe you may have suffered financial harm or have unresolved questions about investments made with Stephen Gerard Desiderio at LPL Financial LLC in Red Bank, NJ, now is the right time to seek help.
Haselkorn & Thibaut offers complimentary, confidential consultations to review your situation and identify next steps. The firm works on a strict “no recovery, no fee” basis, eliminating risk and prioritizing your peace of mind.
- Discuss your account statements and investment history
- Review possible losses or irregularities
- Understand if your advisor’s recommendations were suitable for you
- Explore your legal rights to pursue compensation
Why Choose Haselkorn & Thibaut?
With over five decades of dedication to investors, a proven track record, and a 98% success rate, Haselkorn & Thibaut brings unique expertise to every case. The firm has recovered millions in losses for investors nationwide. You never pay a fee unless your money is recovered.
Don’t let uncertainty keep you from acting. Engagement is critical when it comes to your future—your voice matters, and support is here for you.
Take your first step today—call Haselkorn & Thibaut at 1-888-994-8066 for your free consultation.
