DID LOUIS MARTIN WARGO CAUSE YOU INVESTMENT LOSSES?
Louis Wargo Of Osaic Wealth, Inc. And Formerly With FSC Securities Corporation Has 5 Customer Complaints For Alleged Broker Misconduct
Who is Louis Wargo of Osaic Wealth, Inc.?
Louis Wargo (CRD #1416101) who is currently registered as a broker and investment adviser with Osaic Wealth, Inc. and located in Brecksville, Ohio, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Osaic Wealth, Inc., Louis Wargo was associated with FSC Securities Corporation and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Louis Wargo Customer Complaints
Louis Wargo has been the subject of 5 customer complaints that we know about seeking to recover investment losses. Two of the customer complaints evolved into FINRA arbitration proceedings against FSC Securities Corp., and they were settled in favor of the investor. Louis Wargo’s employers denied two other customer complaints, and the investors took no further action. There is currently one customer complaint that evolved into a FINRA arbitration proceeding that is pending against FSC Securities Corporation for 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:
- Unsuitable sale of alternative investment involving real estate securities.
- Variable annuity contract was inappropriate
- 72T program was an unsuitable strategy.
- Unsuitable recommendation to invest in business development company.
- Overconcentration of accounts in alternative investments.
- Negligence, gross negligence, overconcentration, breach of fiduciary duty and misrepresentations and omissions involving business development company investments.
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 Osaic Wealth, Inc. and FSC Securities Corporation 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 Osaic Wealth, Inc. and FSC Securities Corporation 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?
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 Osaic Wealth, Inc. Due To Louis Wargo
If you have questions about Osaic Wealth, Inc., FSC Securities Corporation 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.
Rate this Post
Loading...