DID PETER JAMES ALOFSIN CAUSE YOU INVESTMENT LOSSES?
Peter Alofsin Of Triad Advisors LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Peter Alofsin Of Triad Advisors LLC?
Peter Alofsin (CRD #2274434) boasts a diverse and extensive history in the financial services industry. Currently, he is registered with Capital Wealth Management, LLC, and Triad Advisors LLC, operating out of West Warwick, Rhode Island. His professional journey in the securities sector includes affiliations with several firms across multiple states. Over his career, Alofsin has been affiliated with six different firms starting from his earliest registration with Northwestern Mutual Investment Services, LLC in 1992 up to his current registrations since 2011 and 2012 at his present firms. He holds registrations in 15 U.S. states and territories. Alofsin has successfully passed three general industry/product exams and two multi-state securities law exams. His qualifications include certifications such as the Certified Financial Planner (CFP) designation. His extensive exam history and multi-state licenses reflect a robust understanding and compliance with varied regulatory environments.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Peter Alofsin Customer Complaints and Reviews
Peter James Alofsin has had three customer disputes reported on his record. Here is a summary of each:
- Dispute 1 (Settled): Initially filed on 07/08/2020 with Triad Advisors LLC, the claimant alleged that three alternative investments made in 2015 were unsuitable. The case was settled on 09/04/2021 with a settlement amount of $18,000, although Alofsin did not contribute personally to the settlement.
- Dispute 2 (Settled): Filed on 06/08/2020, also with Triad Advisors, involving an allegation of an unsuitable investment strategy from 2012 to 2015. This dispute was settled on 07/20/2021 for $25,000, again with no personal contribution from Alofsin.
- Dispute 3 (Closed – No Action): This complaint was lodged on 07/31/2006 during his tenure with NFP Securities. The client contested that the lock-up period and surrender charges of a variable life policy were not explained. The complaint was closed on 08/23/2006 with no action taken.
Allegations Against Peter Alofsin
- Allegation 1: In 2020, a claim was made against investments made in 2015, deemed unsuitable by the client, resulting in a settlement of $18,000 by the firm.
- Allegation 2: Another set of allegations pointed to an unsuitable investment strategy spanning from 2012 to 2015, resolved by a $25,000 settlement by the firm.
- Allegation 3: A client in 2006 claimed that they were not informed about specific policy terms regarding a variable life policy, though this complaint was closed with no action taken.
Peter Alofsin Red Flags & Your Rights As An Investor
Of course, Peter Alofsin 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 Peter Alofsin at Triad Advisors LLC on alert to review carefully the activity and performance of their accounts and question whether Peter Alofsin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Triad Advisors LLC also raises questions about the brokerage firm’s 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?
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 Triad Advisors LLC Due To Peter Alofsin
If you have questions about Triad Advisors LLC and/or Peter Alofsin 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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