Louis Wargo (CRD #: 1416101), a broker registered with FSC Securities Corporation, has a new client dispute on his record, according to his BrokerCheck record, accessed on December 11, 2020. This is the third customer complaint on his record.
On September 24, 2020, a client alleged that his account was over-concentrated in alternative investments. Alternative investments are risky and not suitable for most investors. The client is seeking $100,000; the dispute is pending.
On July 17, 2020, a client alleged that Louis Wargo recommended an unsuitable investment in a business development company. The client sought $22,000, but the dispute was denied by the firm. It’s important to note that firms can deny disputes without entering into arbitration.
On December 20, 2014, a client alleged he that Louis Wargo’s recommendation of a variable annuity was unsuitable, and that Mr. Wargo did not provide adequate information about the investment. This dispute was also denied by the firm.
Louis Wargo has passed the Series 65 Uniform Investment Adviser Law Examination, Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in Colorado, Florida, Illinois, Kentucky, Michigan, Minnesota, New Hampshire, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, and West Virginia.
Louis Wargo has worked in the securities industry for 26 years. During that time, he has worked at four firms:
- FSC Securities Corporation (CRD #: 7461)
- AXA Advisors (CRD #: 6627)
- The Equitable Life Assurance Society of the United States (CRD #: 4039)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
If Louis Wargo was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation with a securities attorney.