Stephen Thomas Kerutis (CRD#2345517) and LPL FINANCIAL LLC

The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Stephen Thomas Kerutis (CRD#2345517) regarding allegations made regarding the following:

Claim(s) Made Against Stephen Thomas Kerutis:

Claim Date: 7/26/2023

“Customer alleges that she gave the advisor $500 in cash, which he took. Customer also alleges misrepresentation of market linked CDs. In a follow-up complaint dated 7/25/23, the customer also alleged forgery of her signature on account documents.”

This claim, as of this posting, is currently Settled.

The investor was paid $93,110.74 by the brokers’ firm.

Claim Date: 12/6/2023

“Client alleges poor recommendation of investment purchased in January 2020 from BB&T Securities resulted in loss of funds. Truist Investment Services, Inc. is successor to BB&T Securities, LLC.”

This claim, as of this posting, is currently Pending.

As of 3/5/2024, this claim status is Denied.

Claim Date: 12/7/2023

“Client alleges they were guaranteed to earn 5% on structured CD purchased in November 2019 from BB&T Securities. Truist Investment Services, Inc. is successor to BB&T Securities, LLC.”

This claim, as of this posting, is currently Pending with a claim amount of $20,000.00 .

As of 3/5/2024, this claim status is Denied.

Claim Date: 5/23/2023

“Customer alleges that she gave the advisor $500 in cash, which he took. Customer also alleges misrepresentation”

This claim, as of this posting, is currently Pending.

Claim Date: 8/15/2022

“Client expressed concern regarding suitability of investment based on the lack of payouts in the past four years.”

This claim is currently Denied.

See more information on FINRA’s BrokerCheck site for Stephen Thomas Kerutis.

Were you a client of Stephen Thomas Kerutis?

If you were a customer of Stephen Thomas Kerutis and LPL FINANCIAL LLC from LENOIR CITY, TN and had a similar issue or experience, we are interested in discussing a potential claim with you. Brokerage firms have a responsibility to supervise all representatives who are registered through their firm. (See our video “Warning signs of a bad financial advisor”). Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. The brokerage firm is not only legally responsible for the acts of its agents, like Stephen Thomas Kerutis, the broker dealer may also be liable for investment losses sustained by customers for a failure to supervise. The Securities Lawyers at Halling & Cayo, S.C. have recovered millions of dollars for investors across the country.

We are currently considering bringing claims on behalf of individual investors or groups of investors who have lost funds. Many customers have signed FINRA arbitration agreements that outline the process for resolving disputes, including claims for investment loss recovery. As the SEC advises, it is important to find an attorney who has experience handling securities complaints. If you were a customer of Stephen Thomas Kerutis and LPL FINANCIAL LLC and experienced investment losses, please get in touch with the Securities Lawyers. We only receive payment if we can recover your money. Please note that there may be time limits or statutes of limitations that apply to your claim, so it is important to contact an attorney as soon as possible.


Contact The Securities Lawyers

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Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.