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Stockbroker Charles Deremo: Complaints

iStock_000006693339MediumThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Minnesota-based Cadaret Grant broker Charles Deremo (CRD# 713036).

Charles Deremo has spent thirty-five years in the securities industry and has been registered with Cadaret Grant & Company in Eagan, Minnesota since 1995. Previous registrations include Royal Alliance Associates in New York, New York (1989-1985); Lincoln National Insurance Company in Fort Wayne, Indiana (1989-1990); Integrated Resources Equity Corporation (1988-1989); American Express Financial Advisors in Minneapolis, Minnesota (1980-1988); IDS Life Insurance Company in Minneapolis (1980-1988); and IDS Financial Services in Minneapolis (1980-1986). Mr. Deremo is a broker registered in 8 US states.

According to his BrokerCheck report, Charles Deremo is the subject of three customer complaints and one pending customer complaint.

In 2015 a customer alleged Charles Deremo, while employed at Cadaret Grant & Company, executed an investment strategy that was unsuitable in light of her age and investment objectives. The complaint settled for $30,000.

In 2014 a customer alleged Charles Deremo, while employed at Cadaret Grant & Company, recommended an unsuitable mutual fund investment and breached his fiduciary duty. The allegation settled in 2015 for $100,000.

In 2013 a customer alleged Charles Deremo, while employed at Cadaret Grant & Company, made unsuitable investment recommendations. The customer is seeking unspecified damages in the pending complaint.

In 1994 a customer alleged Charles Deremo, while employed at Royal Alliance Associates, failed to supervise, breached his fiduciary duty, made an unsuitable investment recommendation, and engaged in unauthorized trading. The complaint settled in 1995 for $32,000.

If you have suffered losses resulting from investments made with Charles Deremo, you may be able to collect a recovery of lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: we only receive payment if and when you recover money. You may have a limited window to file your claim, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.