DID JAMES P PELLETIERE CAUSE YOU INVESTMENT LOSSES?
James Pelletiere Formerly with Pruco Securities, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About James Pelletiere formerly with Pruco Securities, LLC?
James Pelletiere (CRD #2628708) has a notable history in the financial industry but is not currently registered. He has been associated with several firms over his career, including Pruco Securities, LLC, MML Investors Services, LLC, Park Avenue Securities LLC, and NYLife Securities Inc. His tenure at these firms ranged from 2004 to 2022, indicating extensive experience within the industry. Pelletiere has passed two general industry/product exams and one multi-state securities law exam, which underscores his foundational knowledge and skills pertinent to his roles in the financial services sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
James Pelletiere Customer Complaints and Reviews
James Pelletiere has several disclosures listed in his FINRA report:
- Regulatory Action (Final): This action involved allegations of failure to cooperate with a FINRA investigation, resulting in a permanent bar from the industry, effective from October 4, 2023.
- Customer Disputes:
- Settled Dispute: Involving allegations of fraudulent signatures on fixed annuity and life insurance documents around 2017, settled for $97,629.47.
- Settled Dispute: Allegations regarding non-disclosure of policy churning and fees, settled for $148,532.53.
- Pending Dispute: Alleges coercion in purchasing an insurance policy with premiums beyond the customer’s comfort, pending as of April 11, 2024, with claimed damages of $10,050.00.
Allegations Against James Pelletiere
- Regulatory Actions:
- Refusal to provide requested information to FINRA concerning potential misuse of customer funds and acceptance of unauthorized cash payments.
- Customer Complaints:
- Fraudulent signatures related to annuity and insurance documents.
- Non-disclosure of details regarding policy churning and associated fees.
- Coercion in selling an insurance policy with unsuitable premium demands, leading to financial distress for the customer.
Kristin Jackson Red Flags & Your Rights As An Investor
Of course, James Pelletiere 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 James Pelletiere at Pruco Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether James Pelletiere has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Pruco Securities, LLC 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 Pruco Securities, LLC Due To James Pelletiere
If you have questions about Pruco Securities, LLC and/or James Pelletiere 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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