Advisor Alert: Our Attorneys Are Investigating Larry Martin Laio For Investment Fraud
Did You Lose Money Because of Larry Laio of Ameriprise Financial Services (previously with Voya Financial Advisors)?
Filed: October 20, 2023
Larry M. Laio currently has been the subject of one (1) termination event and four (4) customer complaints. 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 Larry Martin Laio.
Who Is Larry Martin Laio?
- Advisor Name: Larry Martin Laio
- Aliases: Larry Laio, Larry M. Laio
- CRD: 1742714
- Location: Lasalle, Illinois
- Current Employer: Currently Not Registered
- Previous Firms: Voya Financial Advisors, Inc., Locust Street Securities, Inc., and Vision Investment Services, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Termination Events: 1
- Can Larry Laio Be Sued: Yes, in Private Arbitration
- Can Larry Laio’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000
- Highest Settlement: $57,320.01
If you have suffered investment losses by Larry M. Laio, 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 Larry M. Laio For Broker Misconduct
As of this publication date, Larry Laio has been targeted in 1 termination event and 4 customer disputes. Let’s review them below.
In May 2019, Voya Financial Advisors, Inc. terminated Mr. Laio for allegedly providing misleading information to a customer regarding the status of the customer’s account.
In March 2019, a complaint was filed against or in reference to Larry Laio by a customer of Voya Financial Advisors, Inc. alleging that in 2016 Mr. Laio did not transfer the client’s retirement account funds to the product that was discussed with the client. On May 2, 2019, Mr. Laio settled the claim for $10,000.
In July 2017, a complaint was filed against or in reference to Larry Laio by a customer of Voya Financial Advisors, Inc. alleging that Mr. Laio misrepresented the variable annuity contracts as having a guaranteed monthly income payment for the lifetime of the contract owner and beneficiary without depletion of principle and a 7% guaranteed rate of return on the investment. Per the customer, they lost over $5,000 due to Mr. Laio’s actions. On January 11, 2018, Mr. Laio settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Laio’s employer and/or insurance carrier.
In July 2006, a complaint was filed against or in reference to Larry Laio by customers of Pruco Securities alleging that Mr. Laio recommended the purchase of a variable universal life insurance policy in 1999 which was unsuitable for the client. On January 4, 2007, Mr. Laio settled the claim for $57,320.01, and some or all of this amount may have been paid by Mr. Laio’s employer and/or insurance carrier.
In September 2003, a complaint was filed against or in reference to Larry Laio by customers of Pruco Securities alleging that Mr. Laio misrepresented the abbreviated payment plan of the client’s purchase of a variable appreciable life insurance policy in 1990.
How To File A Claim Against Larry M. Laio (previously with Voya Financial Advisors, Inc., Locust Street Securities, Inc., and Vision Investment Services, Inc.) To Get Your Money Back.
If you have questions about Larry Laio, Voya Financial Advisors, Inc., Locust Street Securities, Inc., Vision Investment Services, 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.