Advisor Alert: Our Attorneys Are Investigating Louise Deluca Fallica For Investment Fraud
Did You Lose Money Because of Louise Fallica?
Filed: January 16, 2024
Louise Fallica has been the subject of two (2) 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 Louise Deluca Fallica.
Who Is Louise Deluca Fallica of American Portfolios Financial Services, Inc. and American Portfolios Advisors, Inc.?
- Advisor Name: Louise Deluca Fallica
- Aliases: Louise Fallica
- CRD: 1375433
- Location: Smithtown, New York
- Current Employer: American Portfolios Financial Services, Inc. and American Portfolios Advisors, Inc.
- Previous Firms: Professional Planning Services, Securities Service Network, Inc., and Securities America, Inc.
- Number of Known Customer Complaints: 2
- Can Louise Fallica Be Sued: Yes, in Private Arbitration
- Can Louise Fallica’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $258,719.48
- Highest Settlement: $115,000
If you have suffered investment losses by Louise Fallica, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Louise Fallica For Broker Misconduct
As of this publication date, Louise Fallica has been the subject of 2 customer disputes. Let’s review them below.
In November 2022, a complaint was filed against or in reference to Louise Fallica by a customer of American Portfolios Financial Services, Inc. alleging that the client was charged excessive fees over the course of 20 years. Per the customer, she lost over $210,000 because of Fallica’s actions.
In February 2019, a FINRA arbitration was filed against or in reference to Louise Fallica by a customer of American Portfolios Financial Services, Inc. alleging negligence, violation of South Carolina’s “Blue Sky” law, conversion, breach of fiduciary duty, and breach of contract. Per the customer, he/she lost over $258,719.48 because of Fallica’s actions. On October 7, 2019, Fallica settled the claim for $115,000, and some or all of this amount may have been paid by Fallica’s employer and/or insurance carrier.
How To File A Claim Against Louise Fallica of American Portfolios Financial Services, Inc. and American Portfolios Advisors, Inc. (previously with Professional Planning Services, Securities Service Network, Inc., and Securities America, Inc.) To Get Your Money Back
If you have questions about Louise Fallica, American Portfolios Financial Services, Inc., American Portfolios Advisors, Inc., Professional Planning Services, Securities Service Network, Inc., Securities America, 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.