Advisor Alert: Our Attorneys Are Investigating John E. Pelletier For Investment Fraud
Did You Lose Money Because of John Pelletier?
Filed: November 29, 2023
John Pelletier currently has one (1) pending regulatory event. Overall, he has been the subject of one (1) regulatory event and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on John E Pelletier.
Who Is John E Pelletier of LPL Financial LLC?
- Advisor Name: John E Pelletier
- Aliases: John Pelletier
- CRD: 4205289
- Location: Wauwatosa, Wisconsin
- Current Employer: LPL Financial LLC
- Previous Firms: BMO Harris Financial Advisors, Inc. and M&I Financial Advisors, Inc.
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Can John Pelletier Be Sued: Yes, in Private Arbitration
- Can John Pelletier’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $51,550
- Highest Settlement: $35,000
If you have suffered investment losses by John Pelletier, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against John Pelletier For Broker Misconduct
As of this publication date, John Pelletier has been the subject of 1 regulatory event and 1 customer dispute. Let’s review them below.
In September 2023, FINRA initiated a regulatory action against or in reference to John Pelletier for engaging in unauthorized trading by executing trades with a total principal value of $37,799 in a member firm customer’s IRA without the customer’s or an authorized person’s prior written or oral authorization or consent. As of this publication date, this claim remains pending.
In August 2020, a FINRA arbitration was filed against or in reference to John Pelletier by a customer of BMO Harris Financial Advisors, Inc. alleging that BHFA, through the RR, had allowed unauthorized distributions to be made from the customer’s Individual Retirement Account between May 2017 and November 2018. Per the customer, he/she lost over $51,550 because of Mr. Pelletier’s actions. On February 10, 2021, Mr. Pelletier settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Pelletier’s employer and/or insurance carrier.
How To File A Claim Against John Pelletier of LPL Financial LLC (previously with BMO Harris Financial Advisors, Inc. and M&I Financial Advisors, Inc.) To Get Your Money Back.
If you have questions about John Pelletier, LPL Financial LLC, BMO Harris Financial Advisors, Inc., M&I Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.