Eccleston Law CURRENT INVESTIGATIONS

A Look at Broker David Sosa’a Brokercheck

Posted on April 2nd, 2025 at 1:28 PM

A Look at Broker David Sosa’a Brokercheck

According to BrokerCheck, broker David Sosa (CRD # 2447013) is registered with Cetera Investment Advisers and Cetera Investment Servies in Lake Mary, Florida. Sosa has or has had two criminal disputes and seven customer disputes.

In a settled customer dispute, Sosa allegedly made unsuitable investments, misrepresented the client, and guaranteed against any losses. The alleged damages from this dispute were $195,050.19. The case was settled for $185,000.00 in June of 2006. In another settled dispute, Sosa allegedly misrepresented the risk of an investment with alleged damages of $24,397.50. This case settled for $11,700.00 and the individual contribution amount was $2,925.00.

In February of 2025, Sosa received a customer complaint for alleged suitability issues and misrepresentation of a product. This claim was denied in February of 2025. In a closed dispute from December of 2024, a customer alleged that Sosa purchased structured products alleged to be unsuitable and bought without the client's permission.

A customer dispute from 2003 alleges that Sosa did not completely guard the client's capital with the alleged damages being $21,179.19. However, this dispute was denied in January of 2004. In a closed dispute from 2003, another client alleged misrepresentation and unauthorized trading.

There is one more customer dispute on Sosa’s BrokerCheck which alleges that Sosa did not follow the client’s purchasing instructions. This dispute is closed.

We are a Chicago-based law firm with a national practice, representing investors nationwide in seeking to recover their investment losses. The firm continues to investigate brokerage firms and brokers who have placed elderly investors, retirees and other conservative investors in unsuitable investments.

We receive the highest rankings as attorneys for quality work and ethics.  We successfully have filed numerous cases against brokerage firms that sold high-risk investments, recovering more than $50 million on behalf of victimized investors. In those cases, we allege that the investment recommendations were unsuitable for our clients based on their financial situation, needs, and investment objectives.

We offer free case evaluations and handle matters on a contingency fee basis-meaning you pay no attorney’s fees unless we recover compensation for you. If you have incurred investment losses with David Sosa and would like a securities attorney to evaluate your case, please contact us.  


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