Louis Anthony Telerico, Formerly Of Westminster Financial Securities, Inc., Was Suspended By FINRA For Six Months
The Wolper Law Firm is currently investigating claims against former Westminster Financial Securities, Inc. Financial Advisor, Louis Anthony Telerico. According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), effective May 23, 2018, Telerico was suspended by FINRA and is unable to associate with any brokerage firms for a period of six months. The suspension was as a result of Telerico’s failure to disclose that he was the subject of several tax liens, judgments and that one of his companies filed for bankruptcy protection. The judgments and liens totaled more than $2 million.
Telerico also has a long history of customer complaints—seventeen disclosures in total—while he was registered at Merrill Lynch, Stifel Nicolaus and Westminster Financial Securities, Inc. Among the allegations against Telerico are that he made unsuitable investment recommendations, engaged in unauthorized trading and made misrepresentations to customers when making investment recommendations. Currently, Telerico is the subject of a pending customer complaint relating to the purchase of land.
If you or someone you know has been victimized by Louis Anthony Telerico, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Recent Posts
- Learn How Due Diligence Regulations Protect Investors Seeking Private Placement Transactions
- Triad Investors LLC, Broker and The Just Company Investment Adviser, Mark Just, Has Six Customer Complaints, Including Complaints For The Sale Of Alternative Investments
- Former Stifel, Nicolaus & Company, Inc. Broker Joseph H. Pratt Barred by FINRA for Insider Trading; Customer Complaint Pending
- Former Dinosaur Financial Group, LLC Broker and Investment Adviser David Karandos Has Six Customer Complaints, Including 3 Pending Complaints Alleging Sales Practice Misconduct
- Former Ameriprise Financial Services Broker and Investment Adviser Angel Bardeche Fined and Suspended After Engaging in Unsuitable Mutual Fund Trading for Clients
- Benjamin F. Edwards and Co., Inc. Broker John Griner Fined and Suspended After Allegedly Improperly Exercising Discretion Without Proper Authorization
- FINRA Reports That Margin Levels in Customer Accounts Have Reached All-Time Highs of More Than $722 Billion
- How to Stop Stock Loss Caused by Your Broker-Dealer
- Former LPL Financial LLC Broker, Maziar Monshi, Has Had Three Customer Complaint Disclosures Alleging Sales Practice Misconduct
- Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker, John Gatto, Has Had Eight Customer Complaint Disclosures Alleging Sales Practice Misconduct