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Broker Louis Telerico Has Four Customer Complaints

Louis TelericoPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 9, 2017 indicate that former Ohio-based Westminster Financial Securities broker Louis Telerico has been the subject of customer complaints. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Telerico (CRD# 443875).

Louis Telerico has spent 46 years in the securities industry and was most recently registered with Westminster Financial Securities in Dayton, Ohio (2012-2016). Previous registrations include Stifel Nicolaus & Company in Fairlawn, Ohio; Butler Wick & Company in Fairlawn, Ohio; Merrill Lynch in Cleveland, Ohio; and Blythe Eastman Dillon & Company. He is currently not registered with any state or firm.

According to his BrokerCheck report, Louis Telerico has received four customer complaints.

In 2010 a customer alleged Louis Telerico, while employed at Stifel Nicolaus, led an unauthorized and unsuitable investment strategy, and executed excessive trades. The complaint settled for $85,000.

In 2002 a customer alleged Louis Telerico, while employed at Merrill Lynch, recommended unsuitable investments and executed excessive trades. The complaint settled in 2006 for $182,000.

In 2002 a customer alleged Louis Telerico, while employed at Merrill Lynch, recommended unsuitable investments and executed excessive trades. The complaint settled in 2006 for $182,000.

In 2001 a customer alleged he, while employed at Merrill Lynch, breached his fiduciary duty, made unsuitable recommendations, breached contract, and executed excessive trades. The complaint settled for $65,000.

In 2001 a customer alleged he, while employed at Merrill Lynch, breached his fiduciary duty, acted negligently, executed excessive trades, and breached contract. The complaint resulted in an award to the customer of $300,000.

If you or someone you know has lost money investing with Louis Telerico, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. 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.