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Roshan Loungani Faces Pending Customer Complaint

Roshan LounganiThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Virginia-based Arete Wealth Management broker/adviser Roshan Loungani (CRD# 4256993).

Roshan Loungani has spent 15 years in the securities industry and has been registered with Arete Wealth Management in Vienna, Virginia since 2008. Previous registrations include Ameriprise Financial Services in Gaithersburg, Maryland (2006-2008); Rydex Distributors in Rockville, Maryland (2006); Ameriprise Financial Services in Minneapolis, Minnesota (2000-2006); and IDS Life Insurance Company in Minneapolis, Minnesota (2000-2006). He is a registered broker and investment adviser with seven US states and territories: the District of Columbia, Illinois, Maryland, New Jersey, North Carolina, Virginia, and West Virginia.

According to his BrokerCheck report, Roshan Loungani is the subject of two customer complaints, one pending customer complaint, and one denied customer complaint.

In 2013 a customer alleged Roshan Loungani, while employed at Arete Wealth Management, recommended unsuitable investments. The complaint settled for $48,000.

In 2013 a customer alleged Roshan Loungani, while employed at Arete Wealth Management, recommended an investment or investments that “experienced losses in excess of expectations.” The complaint settled in 2014 for $57,000, to which Mr. Loungani individually contributed $57,000.

In 2013 a customer alleged Roshan Loungani, while employed at Arete Wealth Management, recommended unsuitable investments. The customer is seeking $199,000 in damages in the pending complaint.

In 2013 a customer alleged Roshan Loungani, while employed at Arete Wealth Management, acted negligently. The customer sought $97,000 in damages in the complaint, which was denied.

If you have lost money investing with Roshan Loungani, you may be able to recover your losses. 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: Fitapelli Kurta only gets paid if and when you collect funds.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.