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Louis Wargo Of FSC Securities Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Louis Wargo of FSC Securities?

Louis Wargo (CRD #1416101) who is currently registered with FSC Securities and located in Brecksville, Ohio is a subject of one of our many securities industry sales practice abuse investigations.

Louis Wargo Customer Complaints

Louis Wargo has been the subject of 4 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Louis Wargo’s customers’ complaints were denied and, to date, the customers have not taken any further action. There are currently two pending customer complaints filed against FSC Securities for investment losses caused by Louis Wargo’s alleged misconduct.

Allegations Against Louis Wargo

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

  • Client alleged he should not have been put into a variable annuity with a 72+ distribution by Louis Wargo. He further alleged he was not given complete information to make decision.
  • Client alleged Louis Wargo’s business development company purchase was unsuitable.
  • Claimant alleged his account was over concentrated in alternative investments by Louis Wargo.

Louis Wargo Red Flags & Your Rights As An Investor

Of course, Louis Wargo 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 Louis Wargo at FSC Securities on alert to review carefully the activity and performance of their accounts and question whether Louis Wargo has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at FSC Securities 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 FSC Securities Due To Louis Wargo

If you have questions about FSC Securities and/or Louis Wargo 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.

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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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