Cetera Accused By Investor Of Annuity Misconduct

David Lane Gabay of Tarrytown New York a stockbroker currently employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on September 12, 2018 in which the customer sought $52,500.00 in damages based upon accusations that Gabay was placed into a variable annuity that was not suitable for the customer given the customer’s objectives for investing or financial situation.

Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on October 27, 2005, a customer filed an investment related complaint concerning Gabay’s conduct where the customer requested $75,000.00 in damages supported by allegations that while Gabay was associated with Investors Capital Corporation, Gabay effected inappropriate purchases of Fannie Mae and Freddie Mac stock in the customer’s investment portfolio.

Gabay has been registered with Cetera Advisors LLC since October 3, 2016.