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Larry Laio Formerly With Voya Financial Advisors Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Larry Laio formerly with Voya Financial Advisors?

Larry Laio (CRD #1742714) who was formerly registered with Voya Financial Advisors and located in Lasalle, Illinois is a subject of one of our many securities industry sales practice abuse investigations.

Larry Laio Customer Complaints

Larry Laio has been the subject of 4 customer complaints that we know about. Three of Larry Laio’s 4 customer complaints were settled in favor of investors. One of Larry Laio’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Larry Laio

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • After requesting a withdrawal from his account the customer alleged funds were not transferred from his retirement account to the product allegedly discussed with Larry Laio.
  • Regarding the purchase of a variable appreciable life insurance policy, the client alleged Larry Laio’s misrepresentation concerning the abbreviated payment plan.
  • The client alleged that Larry Laio misrepresented the variable annuity contracts as having a guaranteed monthly income payment for the lifetime of the contract owner and beneficiary without depletion of principle and a 7% guaranteed rate of return on the investment.
  • The client alleged Larry Laio’s unsuitability in the sale of a variable universal life insurance policy.

Larry Laio Red Flags & Your Rights As An Investor

Of course, Larry Laio did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Larry Laio at Voya Financial Advisors on alert to review carefully the activity and performance of their accounts and question whether Larry Laio has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Voya Financial Advisors also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Voya Financial Advisors Due To Larry Laio

If you have questions about Voya Financial Advisors and/or Larry Laio and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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