Customers of Michael DeLaFuente at USCA Securities Seek $2.2 Million in Damages

Israels & Neuman, PLC — Mon, 22 Jun 2026 18:00:25 GMT

Were you a customer of Michael DeLaFuente, formerly with USCA Securities in Austin, Texas? If you suffered investment losses with Michael De La Fuente, you may be able to recover your losses with the help of the securities and arbitration law firm of Israels & Neuman. We are looking into a customer complaint involving Michael DeLaFuente, a former representative of USCA Securities.

Allegations Against Michael DeLaFuente

According to FINRA’s BrokerCheck, customers alleged that De La Fuente failed to properly structure their accounts to meet their retirement goals and alleged that they participated in outside investment opportunities in which he did not disclose conflicts. The customers sought $2.2 million in damages, and the case settled for $1.1 million.

Background on Michael De La Fuente

Michael DeLaFuente was a representative of USCA Securities between 2014 and April 2021. He has been registered with Mutual Advisors since April 2021 and worked in Austin, Texas.

What If I Have Investment Losses?

Texas investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

Michael DeLaFuente may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, USCA Securities or Mutual Advisors may also bear responsibility if they failed to properly supervise DeLaFuente or ignored warning signs.

Israels & Neuman Represents Investors in Austin, Texas

At Israels & Neuman, we have helped investors in Texas and nationwide recover money lost to financial advisor misconduct. Our attorneys have extensive experience handling claims involving brokerage firms and advisory firms.

Find DeLaFuente’s BrokerCheck report here

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Michael DeLaFuente, contact Israels & Neuman for a free case evaluation.

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