Advisor Alert: Our Attorneys Are Investigating Peter Jerome Mersberger For Investment Fraud
Did You Lose Money Because of Pete Mersberger of LPL Financial (previously with Cambridge Investment Research)?
Filed: October 24, 2023
Pete Mersberger (also known as Peter Mersberger) currently has been the subject of 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 Peter Jerome Mersberger.
Who Is Peter Jerome Mersberger of LPL Financial LLC and Merit Financial Advisors?
- Advisor Name: Peter Jerome Mersberger
- Aliases: Pete Mersberger, Peter Mersberger
- CRD: 2372186
- Location: Sheboygan Falls, Wisconsin
- Current Employer: LPL Financial LLC and Merit Financial Advisors
- Previous Firms: Cambridge Investment Research Advisors, INC., Cambridge Investment Research, Inc., and Voya Financial Advisors, Inc.
- Number of Known Customer Complaints: 4
- Can Peter Mersberger Be Sued: Yes, in Private Arbitration
- Can Peter Mersberger’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $35,000
If you have suffered investment losses by Peter Mersberger, 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 Pete Mersberger For Broker Misconduct
As of this publication date, Pete Mersberger has been the subject of 4 customer disputes. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to Pete Mersberger by a customer of Voya Financial Advisors, Inc. alleging that Mr. Mersberger sold two (2) unsuitable alternative investments in 2013 that were misrepresented for the sole purpose of earning commissions. Per the customer, he lost over $44,000 due to Mr. Mersberger’s actions. On December 1, 2021, Mr. Mersberger settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Mersberger’s employer and/or insurance carrier.
In April 2020, a FINRA arbitration was filed against or in reference to Pete Mersberger by a customer of Voya Financial Advisors, Inc. alleging that Mr. Mersberger recommended the purchase of an unsuitable real estate investment trust. Per the customer, she lost over $100,000 due to Mr. Mersberger’s actions. On March 26, 2021, Mr. Mersberger settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Mersberger’s employer and/or insurance carrier.
In May 2011, a complaint was filed against or in reference to Pete Mersberger by multiple customers of ING Financial Services, Inc. alleging that Mr. Mersberger misrepresented their investment and explained that they could withdraw their full investment with a guaranteed interest of 7% after 10 years. Per the customers, they lost over $85,000 due to Mr. Mersberger’s actions.
In October 2001, a complaint dealing with mutual funds was filed against or in reference to Pete Mersberger by a customer of Locust Street Securities, Inc. Per the customers, they lost over $20,000 due to Mr. Mersberger’s actions. On October 29, 2001, Mr. Mersberger settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Mersberger’s employer and/or insurance carrier.
How To File A Claim Against Pete Mersberger of LPL Financial LLC and Merit Financial Advisors (previously with Cambridge Investment Research Advisors, INC., Cambridge Investment Research, Inc., and Voya Financial Advisors, Inc.) To Get Your Money Back.
If you have questions about Pete Mersberger, LPL Financial LLC, Merit Financial Advisors, Cambridge Investment Research Advisors, INC., Cambridge Investment Research, Inc., Voya 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.