Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 19, 2016 indicate that Oregon-based Cetera Advisors broker/adviser Arlo Stoll is the subject of resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Stoll (CRD# 2863903).
Arlo Stoll has spent 19 years in the securities industry and has been registered with Cetera Advisors in Salem, Oregon since 2012. Previous registrations include Pacific West Securities in Salem, Oregon; Rushmore Securities in Dallas, Texas; Northstar Securities in Dallas, Texas; and WMA Securities in Duluth, Georgia. He is a registered broker and investment adviser with eighteen US states and territories: Arizona, California, Colorado, Connecticut, Florida, Hawaii, Idaho, Indiana, Kansas, Michigan, Montana, New Jersey, New York, Oregon, Pennsylvania, South Dakota, Utah, and Washington.
According to his BrokerCheck report, Arlo Stoll has received one customer complaint and two pending customer complaints.
In 2013, a customer alleged Arlo Stoll, while employed at Pacific West Securities, violated securities law, breached his fiduciary duty, sold unsuitable investments, and committed fraud. The complaint settled in 2014 for $32,500.
In 2013, a customer alleged Arlo Stoll, while employed at Pacific West Securities, misrepresented and omitted material facts, recommended unsuitable investments, and committed fraud. The complaint settled in 2014 for $32,500.
In 2011, a customer alleged Arlo Stoll, while employed at Pacific West Securities, solicited the “N” fund of a particular sponsored and then provided paperwork for the “M” fund. The customer is seeking $65,000 in damages in the pending complaint.
Federal securities law prohibits brokers like Arlo Stoll from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have lost money investing with Arlo Stoll, you may be entitled 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 contingency: Fitapelli Kurta only receives payment if and when you recover 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.