Nov 6, 2025 | By Robert Pearce | Read Time: 3 minutes | Category Name |

Our firm is investigating Osaic Wealth, Inc. financial advisor Vince Lagatta (CRD# 3098611) of Gilbert, Arizona, for potential investment-related misconduct involving allegations of misrepresentation and unsuitable investment recommendations related to structured notes and insurance products.

Financial Advisor’s Career History

According to FINRA’s BrokerCheck report, Vince Lagatta began his career in the securities industry in 1998 and is currently registered as a Broker and Investment Adviser Representative with Osaic Wealth, Inc. (CRD# 23131) in Gilbert, Arizona, where he has been registered since June 2024

His prior employment includes:

  • PNC Investments (CRD# 129052) — Scottsdale, AZ (08/2021–07/2024)
  • BBVA Securities Inc. (CRD# 27060) — Mesa, AZ (05/2016–08/2021)
  • U.S. Bancorp Investments, Inc. (CRD# 17868) — Los Gatos, CA (05/2012–05/2016)
  • BancWest Investment Services, Inc. (CRD# 29357) — Capitola, CA (07/2001–05/2012)
  • Citicorp Investment Services (CRD# 23988) — Long Island City, NY (12/2000–07/2001)
  • Linsco/Private Ledger Corp. (CRD# 6413) — Fort Mill, SC (05/2000–12/2000)
  • BISYS Brokerage Services, Inc. (CRD# 23302) — St. Cloud, MN (10/1998–05/2000)

Lagatta is currently licensed in 10 U.S. states, including Arizona, California, Colorado, Illinois, Missouri, Nevada, New Mexico, Oregon, Texas, and Washington

He also serves as a Financial Advisor for Raise Asset Management, LLC, a registered investment-related business he owns, and has prior involvement with non-investment organizations such as Raven Ministries and Valley Christian High School Baseball Program

Vince Lagatta Fraud Allegations and Investor Complaints Explained

According to FINRA’s Central Registration Depository (CRD), Vince Lagatta has three customer disputes on record, including one pending complaint, one settled complaint, and one denied complaint

1. Pending Customer Complaint – Structured Note Investment (2024)

  • Employing Firm: BBVA Securities Inc.
  • Date Complaint Received: June 5, 2024
  • Allegations: The former client purchased a three-year buffered structured note in April 2021 that matured in April 2024. One of the underlying stocks fell below the buffer threshold, resulting in a principal loss. The client alleges they were misled regarding the product’s term, provisions, and performance risks.
  • Product Type: Debt – Corporate (Structured Note)
  • Alleged Damages: $5,000+
  • Status: Pending; as of June 27, 2024, the complaint remains under review

2. Settled Customer Complaint – 419 Plan Insurance Product (2013)

  • Employing Firm: BancWest Investment Services, Inc.
  • Date Complaint Received: June 11, 2013
  • Allegations: The customer alleged misrepresentation and breach of fiduciary duty concerning the tax benefits of an insurance policy purchased for a 419 Single Employer Benefit Plan in 2006.
  • Product Type: Insurance
  • Alleged Damages: $858,035.49
  • Settlement Amount: $140,000 (no individual contribution by Lagatta)
  • Status: Settled April 28, 2014

3. Denied Customer Complaint – Fixed Annuity Purchase (2014)

  • Employing Firm: BancWest Investment Services, Inc.
  • Date Complaint Received: May 20, 2014
  • Allegations: The client alleged that the surrender charge period for a Genworth fixed annuity was not properly explained, resulting in confusion over liquidity and withdrawal terms.
  • Alleged Damages: $8,770.13
  • Disposition: Denied on May 23, 2014

Summary of Disclosures:

  • 3 Customer Complaints Total
  • 1 Pending (Structured Note Loss)
  • 1 Settled ($140,000)
  • 1 Denied
  • Allegations: Misrepresentation, Unsuitable Investment Recommendations, Breach of Fiduciary Duty
  • Products: Structured Notes, Fixed Annuities, Insurance Plans

To obtain a copy of Vince Lagatta’s FINRA BrokerCheck report, visit this link.

Robert Wayne Pearce Is Committed to Recovering Your Investment Losses

FINRA Rule 2111 – Suitability

FINRA Rule 2111 requires brokers to recommend investments that are suitable for the investor’s financial situation and objectives. The structured note complaint alleging misleading representations and principal loss may constitute a violation of this rule if the product was recommended without fully disclosing risk factors or liquidity constraints.

FINRA Rule 2010 – Standards of Commercial Honor and Principles of Trade

This rule requires brokers to uphold the highest ethical standards. Allegations of misrepresentation of insurance plan tax benefits and misleading structured note explanations could violate Rule 2010 if proven to have misled investors about the product’s true characteristics.

FINRA Rule 2210 – Communications with the Public

Rule 2210 prohibits false or misleading statements in client communications. If Lagatta’s recommendations regarding structured notes or insurance products included incomplete or inaccurate descriptions of potential losses or surrender restrictions, it may constitute a breach of this rule.

According to FINRA’s BrokerCheck report, Vince Lagatta began his career in the securities industry in 1998 and is currently registered as a Broker and Investment Adviser Representative with Osaic Wealth, Inc. (CRD# 23131) in Gilbert, Arizona, where he has been registered since June 2024

For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.

Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.

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