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Stephen Kerutis Of LPL Financial LLC And Formerly With Truist Investment Services, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Stephen Kerutis of LPL Financial LLC?

Stephen Kerutis

Stephen Kerutis (CRD #2345517) who is currently registered as a broker and investment adviser with LPL Financial LLC and located in Lenoir city, Tennessee, is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Stephen Kerutis was associated with Truist Investment Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Investment Losses? Let’s talk.

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Stephen Kerutis Customer Complaints

Stephen Kerutis has been the subject of 5 customer complaints that we know about to recover investment losses. One customer complaint was settled by Edward Jones in favor of the investor. Three of the customer complaints were denied by the advisors former employers and, to date, the customers have not taken any further action. The last customer complaint is still pending with LPL Financial.

Allegations Against Stephen Kerutis

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

  • Customer alleges that adviser took $500 in cash and misrepresentation.
  • Failure to disclose tax consequences of paying off loans with proceeds from securities sales.
  • Lack of diversification.
  • Customer’s investment objectives were disregarded.
  • Suitability of investment questioned.
  • Breach of contract and warranties, promissory estoppel, violation of state securities statutes, intentional and negligent misrepresentations, breach of fiduciary duty related to recommendation of an overly aggressive portfolio of mutual funds.

Stephen Kerutis Red Flags & Your Rights As An Investor

Of course, Stephen Kerutis 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 Stephen Kerutis at LPL Financial LLC and Truist Investment Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Stephen Kerutis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC and Truist Investment Services, Inc. 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.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Stephen Kerutis

If you have questions about LPL Financial LLC, Truist Investment Services, Inc. and/or Stephen Kerutis 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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