Hillary Joy Wertlieb, of Lynbrook, New York, a stockbroker formerly registered with Cetera Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $12,500.00 in damages based upon accusations of negligence by Wertlieb concerning the customer’s purchase of direct investments including direct participation program interests and limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00877 (October 15, 2020). The claim also contains allegations of breach of fiduciary duty and breach of contract relating to the alternative investment transactions through Wertlieb and Cetera Advisors.

This is not the first time that a customer accused Wertlieb of sales practice violations during the time that she was associated with a securities broker dealer. FINRA Public Disclosure shows that a customer filed an investment related complaint regarding Wertlieb’s activities in which they requested $100,000.00 in damages founded on accusations that the customer was inappropriately advised by Wertlieb not to liquidate stock and over-the-counter equities from their portfolio at Investors Capital Corp.  The complaint was denied by her employer.

Wertlieb was registered with Cetera Advisors between October 3, 2016, and June 7, 2018. Since June 1, 2018, she has been registered with American Portfolios Financial Services.

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