Our firm is investigating Cetera Wealth Services, LLC financial advisor and registered representative Dipti Rath (CRD# 2997188) of Parsippany, New Jersey for potential investment-related misconduct.
Financial Advisor’s Career History
Based on FINRA BrokerCheck, Dipti Rath’s securities industry registration history includes:
- Cetera Investment Advisers LLC (Investment Adviser Representative) — 08/2023 to Present (registered since 08/10/2023)
- Cetera Wealth Services, LLC (Registered Representative) — 08/2023 to Present (registered since 08/10/2023)
- Securian Financial Services, Inc. — 09/2019 to 08/2023 (branch locations reported: Parsippany, NJ and St. Paul, MN)
- LPL Financial LLC — 05/2017 to 09/2019 (IA) and 07/2010 to 09/2019 (B) (branch location reported: Whippany, NJ)
- Financial Network Investment Corporation — 04/1998 to 07/2010 (branch location reported: Florham Park, NJ)
Dipti Rath Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one customer dispute reported for Dipti Rath.
Customer Complaint Alleging Failure to Disclose Variable Annuity Implications (Denied)
- Product type: Variable annuity
- Employing firm at time of alleged conduct: Cetera Wealth Services, LLC
- Date complaint received: 12/22/2025
- Allegations (as reported): The client alleged their registered representative did not inform them of the implications of opening a variable annuity as part of a death claim compared to receiving a lump sum payment.
- Alleged damages: Reported as $0.00, while the report also indicates “$5,000 or more” in the customer complaint information fields.
- Disposition / status: Denied
- Status date: 01/12/2026
- Arbitration/civil litigation: No (written complaint)
Disclosure Summary (Bullet List)
- Customer Dispute (1) — Variable annuity disclosure implications in death-claim context; Denied (status date 01/12/2026).
To obtain a copy of Dipti Rath’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2330 (Members’ Responsibilities Regarding Variable Annuities) is frequently implicated when a complaint centers on how a variable annuity was opened, described, or processed, because the rule governs firm and associated-person responsibilities tied to variable annuity transactions, including supervisory and suitability-related safeguards around these complex insurance-securities products. In a dispute alleging the customer was not informed of the implications of opening a variable annuity versus taking a lump-sum payment, Rule 2330 is relevant to evaluating whether the transaction was handled with the heightened care and oversight expected for variable annuity activity.
FINRA Rule 2111 (Suitability) may be relevant where an investor alleges they were steered into an option that did not align with their goals, liquidity needs, or understanding—particularly when the decision involves choosing between a variable annuity structure and a lump-sum alternative. In this context, Rule 2111 analysis typically examines whether the advisor had a reasonable basis for the strategy and whether the recommendation (or advice leading to the account opening) fit the customer’s financial situation, objectives, and risk tolerance—especially where the customer claims they were not adequately informed about consequences or limitations.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is commonly cited in disputes alleging misleading omissions or unfair practices, because it broadly requires brokers and firms to observe high standards of commercial honor. Where a customer asserts that key implications were not explained before proceeding with a variable annuity in a death-claim context, Rule 2010 can be used to frame whether the conduct, communications, and overall handling of the client’s decision-making process met FINRA’s baseline ethical standards—regardless of whether the matter was later denied.
Section 8.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.