DID JOSEPH MICHAEL LUSSIER CAUSE YOU INVESTMENT LOSSES?
About Joseph Lussier of Creative Planning?
Joseph Lussier (CRD #2293739) , located in Wilton, Connecticut, is an experienced investment advisor with a career spanning over three decades. Currently registered with Creative Planning since February 2012, he has held prior roles at Strategic Advisers, Inc. His qualifications include passing the Series 65 Uniform Investment Adviser Law Examination in April 1998. He is licensed in Connecticut and Texas, where his registration is restricted.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joseph Lussier Customer Complaints and Reviews
Joseph Lussier has one customer dispute reported in his history:
- Date of Complaint: May 26, 2009
- Company: Fidelity Brokerage Services
- Allegation: The customer alleged that Mr. Lussier made an unsuitable investment recommendation regarding a mutual fund based on their investment objectives.
- Outcome: The complaint was reviewed and denied on July 1, 2009. No settlement was made, and Mr. Lussier did not contribute to any resolution.
While no action was taken, this disclosure highlights the importance of clarifying investment objectives and aligning recommendations with client goals.
Allegations Against Joseph Lussier
The disclosed customer complaint against Mr. Lussier involves the following:
- Unsuitability Allegation: The client alleged a mutual fund recommendation did not match their investment objectives.
- The complaint, involving a claimed loss of $9,900, was formally denied by Fidelity Brokerage Services LLC, with no arbitration or legal action ensuing.
Joseph Lussier Employment History
- Employment History:
- Creative Planning (02/2012 – Present), Stamford, CT
- Strategic Advisers, Inc. (05/1998 – 02/2012), Greenwich, CT
- Exams Passed:
- Series 65 (Uniform Investment Adviser Law) – April 1998
- Professional Designations: None reported
- Current Registrations:
- Connecticut: Approved as an Investment Adviser Representative since February 2012
- Texas: Restricted Approval as an Investment Adviser Representative since August 30, 2023
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are fiduciaries obligated to act in their clients’ best interests. This includes providing clear and comprehensive disclosures about investment strategies, risks, and associated costs. Advisors must prioritize clients’ financial goals over personal or firm interests. The fiduciary duty of care demands diligent research and tailored advice that aligns with individual financial objectives. Transparent communication ensures clients make informed decisions, fostering trust and accountability in the advisor-client relationship.
Option Trading Can Be Extremely Risky
Options trading involves significant risks due to leverage and complexity. Advisors engaging in options strategies for clients must disclose all associated risks and ensure strategies align with clients’ risk tolerance. High-risk strategies, such as naked calls, can expose clients to unlimited losses if the market moves unfavorably. For example, a naked call involves selling an option without owning the underlying asset, potentially leading to substantial losses if the asset price rises dramatically. Such strategies are suitable only for clients with high risk tolerance and a comprehensive understanding of potential outcomes.
Joseph Lussier Red Flags & Your Rights As An Investor
Of course, Joseph Lussier 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 Joseph Lussier 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 Joseph Lussier
If you have questions about about Creative Planning and/or Joseph Lussier 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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