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Louis Kittlaus Faces Three Pending Complaints

Louis KittlausThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Illinois-based Wall Street Strategies broker Louis Kittlaus (CRD# 602059).

Louis Kittlaus has spent 43 years in the securities industry and has been registered with Wall Street Securities in Chicago, Illinois since 2012. Previous registrations include Edwin C. Blitz Investments in Evanston, Illinois; Alliance Affiliated Equities Corporation in Overland Park, Kansas; Steven L. Falk & Associates in Las Vegas, Nevada; Pavek Investments in Eau Claire, Wisconsin; Strategic Assets in Melville, New York; Cousins Securities Corporation in Oak Brook, Illinois; Oak Brook Securities in Oakbrook Terrace, Illinois; WFG Securities in Middleton, Wisconsin; Birkelbach Investment Securities in Chicago, Illinois; Daly Investment Company in Palos Park, Illinois; Fox & Henry in Burr Ridge, Illinois; Kittlaus Company; Individuals’ Financial Services; Institutional Financial Services; Moseley Hallgarten & Estabrook; First Columbia Corporation; ENI Corporation; and McCormick & Company. He is a registered broker in Florida and Illinois.

According to his BrokerCheck report, Louis Kittlaus is the subject of three pending customer complaints and two regulatory actions, and was discharged from his position at Cousins Securities Corporation.

In August 2015 a customer alleged Louis Kittlaus, while employed at Alliance Affiliated Equities Corporation, recommended an unsuitable investment in real estate securities. The customer is seeking $100,000 in damages in the pending complaint.

In 2014 a customer alleged Louis Kittlaus, while employed at Alliance Affiliated Equities Corporation, made unsuitable investment recommendations. The customer is seeking $700,000 in damages in the pending complaint.

In 2013 the Financial Industry Regulatory Authority (FINRA) sanctioned Louis Kittlaus following allegations he distributed a misleading sales brochure advertising renewable secured debentures. Mr. Kittlaus was issued a deferred fine of $25,000 and a 2-year suspension in the sanction, which is currently on appeal.

In 1998 the National Association of Securities Dealers (NASD) sanctioned Louis Kittlaus following allegations he prepared or caused to be prepared misleading sales literature. He was censured and issued a fine of $7,500.

If you or someone you know has a complaint regarding Louis Kittlaus, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free