Haselkorn & Thibaut, a national securities law firm with over 50 years of experience and a 98% success rate, has opened an investigation into David Latte, a New York, NY-based financial advisor currently registered with Vienna Capital Partners LLC (CRD #311852). If you have invested with Mr. Latte or have questions about your account, you are encouraged to read this comprehensive report and consider reaching out for a free, confidential consultation at 1-888-994-8066. Haselkorn & Thibaut works on a no recovery, no fee basis, meaning you pay nothing unless there is a recovery on your behalf.
Who is David Latte?
Table of Contents
David Latte (CRD #6700268) is a financial advisor and registered stockbroker. He is currently with Vienna Capital Partners LLC based in New York City, located at 40 Wall Street, 17th Floor, New York, NY 10005. Licensed since 2017, he has been approved by FINRA as a General Securities Representative and is registered to offer investment services in at least 14 states, including NY, TX, FL, and CA.
Background and Employment History
| Advisor Name | CRD Number | Current Broker-Dealer | Office Location |
|---|---|---|---|
| David Latte | 6700268 | Vienna Capital Partners LLC (CRD #311852) | 40 Wall Street, 17th Floor, New York, NY 10005 |
Previous employment includes:
- SW Financial (12/2019–09/2022)
- Worden Capital Management LLC (04/2017–12/2019)
He also holds non-investment business affiliations, such as David Latte Inc. in New Milford, NJ, and serves as a Commercial Lending Consultant at Lending Hub NYC.
Customer Complaints, Lawsuits, and Regulatory Investigations
Reviewing the FINRA BrokerCheck report and public records, there are notable disclosures involving David Latte that investors should consider. This section highlights client complaints, regulatory actions, and potential red flags.
Recent FINRA Arbitration Claim
- Case No: 22-02586 (Filed March 2023, Settled April 2024)
- Brokerage Firm Involved: SW Financial
-
Allegations:
- Unsuitable investment recommendations
- Excessive trading (churning) resulting in high commissions
- Unauthorized trading
- Negligence
- Settlement Amount: $140,000 paid to the client
- Outcome: Arbitration was settled for $140,000, indicating that the allegations had substantial merit.
Types of Alleged Misconduct
- Unsuitability: Recommending investments that do not reflect the investor’s objectives, risk tolerance, or financial status can violate FINRA Rule 2111. This rule requires financial advisors to have a reasonable basis for placing individuals into specific products or strategies.
- Churning / Excessive Trading: Excessive buying and selling of securities in the customer’s accounts for the primary purpose of generating commissions rather than benefitting the client, a violation of FINRA Rule 2020 and Rule 2010.
- Unauthorized Trading: Making trades without the explicit permission or prior consent of the client, which directly violates FINRA Rule 3260.
- Negligence: Failing to act with appropriate care or diligence when managing client accounts or funds.
Red Flags for Investors
Investors are encouraged to carefully review their account statements and communications for these warning signs:
- Frequent buying and selling resulting in high transaction costs
- Investments that seem inconsistent with your stated goals or risk comfort
- Trades appearing on your statements that you did not authorize
- Difficulty getting clear, timely explanations about your account or transactions
- Unexplained account losses or rapid changes in portfolio value
What Should You Do if You Lost Money With David Latte or Vienna Capital Partners?
It’s important to understand your rights. All investors can demand that advisors and their firms act in your best interest and comply with legal and ethical standards. If you suspect misconduct or have experienced unexplained losses in your investment account managed by David Latte, you may be entitled to recover some or all of your losses through FINRA arbitration.
Haselkorn & Thibaut is currently reviewing claims involving Mr. Latte and Vienna Capital Partners LLC. Their experienced team has successfully recovered millions for clients nationwide and provides personalized case reviews.
There is no cost to discuss your situation, and Haselkorn & Thibaut only receives a fee if they are successful in your recovery.
How Haselkorn & Thibaut Can Help You
- Complimentary case assessments by experienced securities attorneys
- No out-of-pocket costs and no fee unless they win your case
- Deep knowledge of FINRA arbitration process and investor protections
- Over 98% success rate across thousands of investor claims
- Dedicated, supportive guidance every step of the way
Contact Haselkorn & Thibaut Today for a Free Consultation
If you have worked with David Latte or Vienna Capital Partners LLC and believe you have suffered investment losses or encountered issues described above, take the first step to understand your options. Contact Haselkorn & Thibaut at 1-888-994-8066 for a free consultation.
The firm’s experienced attorneys are prepared to help you explore your options and pursue a recovery if warranted. Your peace of mind and financial future are important. Don’t wait—reach out today.
