David Del Rio, formerly with Suntrust Investment Services, Arrested and Charged with Theft

Have you lost money investing with David Del Rio of Lehigh Acres, Florida?  We are investigating allegations made against David Del Rio, a financial advisor that was formerly affiliated with Suntrust Investment Services.  According to the Sun Sentinel, Del Rio was arrested last week and charged with theft related to stealing nearly $900,000 from an elderly couple who are both now deceased.

Del Rio is accused of befriending the couple while working at a bank.  Del Rio became their financial advisor and swindled nearly $900,000 by withdrawing money from their accounts at Suntrust and Bank of America, and transferring the money to Del Rio’s accounts at Bank of America.  Del Rio is accused of using the money for personal expenses, including the purchase of an Audi A8, guns, cruise line vacations, and also paid off credit card debt.

David Del Rio was a financial advisor and representative of Suntrust Investment Services from March 2014 to August 2017.  He was also registered with LPL Financial from August 2017 to April 2018.

Brokerage firms like Suntrust Investment Services have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida and throughout the Fort Myers area.  Attorney David Neuman is licensed to practice law in Florida.  Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including Suntrust Investment Services.

Click to view:  Del Rio, David BrokerCheck 9.19.18 (1)

Click to view:  Del Rio, David BrokerCheck 9.19.18

If you lost money with David Del Rio, Suntrust Investment Services or LPL Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.