DID LARRY LETTERIO CAUSE YOU INVESTMENT LOSSES?
About Larry Letterio of Creative Planning?
Larry Letterio (CRD #1738325) , located in Valencia, Pennsylvania, is an experienced investment adviser currently registered with Creative Planning since September 2023. His career spans over three decades, with prior roles including President of Altair Management Partners, Inc., and adviser positions at Kistler-Tiffany Advisors. He has passed the Uniform Investment Adviser Law Examination (Series 65) and is licensed in Pennsylvania.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Larry Letterio Customer Complaints and Reviews
1 Reported Investigation:
- Type: Regulatory Investigation Notice December 27, 2022
- Initiated By: Pennsylvania Department of Banking and Securities
- Allegations: The investigation concerns the sale of certain inverse exchange-traded funds (ETFs) and alleged violations of the Pennsylvania Securities Act of 1972.
- Current Status: Investigation is pending.
- Potential Outcomes: The individual was ordered to show the cause why sanctions should not be imposed.
Allegations Against Larry Letterio
Regulatory Action:
- The pending investigation involves alleged improper handling of inverse ETFs, which are complex and potentially unsuitable for certain investors.
- Such regulatory investigations often aim to ensure compliance with laws protecting investor interests and may result in no sanctions if resolved in favor of the advisor.
- Pending investigations do not imply guilt or wrongdoing but require scrutiny by the regulator and the advisor.
Larry Letterio Employment History
- Current Employment:
- Creative Planning (Registered since September 2023).
- Previous Registrations:
- Kistler-Tiffany Advisors (March–September 2023; December 2022–January 2023).
- Altair Management Partners, Inc. (October 1997–December 2022).
- Exams Passed:
- Series 65 (Uniform Investment Adviser Law Examination) passed on February 24, 1992.
- State Licenses: Pennsylvania (active).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are bound by fiduciary duties to act in the best interests of their clients. This includes:
- Duty of Care: Advisors must ensure investment strategies align with client goals, financial situations, and risk tolerance.
- Duty of Loyalty: They must fully disclose conflicts of interest and prioritize client interests above personal gain.
- Transparency: Advisors are required to provide clear, comprehensive information about nature, mechanics, and risks of recommended investments.
Option Trading Can Be Extremely Risky
Options trading involves significant risk and is unsuitable for many investors due to its speculative nature. High-risk strategies include:
- Examples:
- Short Selling Options: Selling uncovered options can lead to unlimited losses if the market moves against the position.
- Straddles and Strangles: These strategies depend on significant market movements and can result in substantial losses if volatility remains low.
- Potential Risks:
- Losses can exceed the initial investment.
- Complex mechanics make them less transparent, increasing the potential for mismanagement or misunderstanding by clients.
Investors should carefully consider these risks before allowing their advisors to engage in options trading on their behalf.
Larry Letterio Red Flags & Your Rights As An Investor
Of course, Larry Letterio 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 Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Larry Letterio has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning 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 Creative Planning Due To Larry Letterio
If you have questions about about Creative Planning and/or Larry Letterio 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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