Last Updated: October 2025 — Loudon, TN
Here’s what you need to know about Loudon, TN stockbroker Stephen Kerutis:
- Name: Stephen Kerutis
- Current Employer: Cetera Advisors LLC (broker; registered since 11/21/2023; branch location Loudon, TN) and Cetera Investment Advisers LLC (investment adviser; registered since 03/21/2024; branch location Loudon, TN)
- Prior Firms: LPL Financial LLC (broker & adviser, 04/2021–11/2023); Truist Advisory Services, Inc. (02/2021–04/2021); Truist Investment Services, Inc. (02/2021–04/2021); BB&T Securities, LLC (01/2018–02/2021); BB&T Investment Services, Inc. (05/2016–01/2018); Wells Fargo Advisors Financial Network, LLC (07/2009–06/2015); Edward Jones (11/1993–07/2009)
- Other Business Affiliations: None reported on BrokerCheck (“Other Business Activities: No information reported.”)
- CRD number: 2345517
- Stockbroker / Financial Advisor: Yes (registered with 1 SRO; licensed in multiple states; has passed Series 24, 7, 63, 66 and SIE)
- Can Broker be Sued in FINRA: Yes (pending FINRA arbitration filed August 2025)
- Highest Award of Settlement: $93,110.74 (customer complaint settled 11/01/2023 while at LPL Financial LLC)
- Current Customer Dispute Seeks Total Damages of: Unspecified; allegation notes “over $5,000” (FINRA Arbitration, filed 08/05/2025; Case No. 25-01603; forum FINRA–Nashville, TN)
If you’ve sustained damages from Mr. Kerutis, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Stephen Kerutis As Your Stockbroker?
- Pending FINRA Arbitration (Nashville, TN): Filed August 5, 2025 (FINRA Case No. 25-01603). Allegations: unsuitable recommendations in CDs tied to activity while associated with Truist Investment Services, Inc.Damages not specified; BrokerCheck notes alleged damages “over $5,000.” Status: Pending.
- Settled Customer Complaint (LPL Financial LLC): Complaint received July 26, 2023 alleging (i) advisor took $500 cash, (ii) misrepresentation of market-linked CDs, and (iii) forgery of customer signature. Settled November 1, 2023 for $93,110.74 (no individual contribution reported).
- FINRA Arbitration (Edward Jones): Filed July 13, 2009 (FINRA Case No. 09-04011) alleging breach of contract and warranties, misrepresentation, breach of fiduciary duty, and failure to supervise related to mutual funds; settled October 19, 2010 for $65,000 (no individual contribution reported).
Allegations of Broker Misconduct Against Stephen Kerutis
- Unsuitability. Customers have alleged unsuitable recommendations (e.g., CDs/structured investments). Suitability is governed by FINRA Rule 2111, which requires that recommendations be consistent with a customer’s investment profile; for retail customers after June 30, 2020, SEC Regulation Best Interest (Reg BI, Exchange Act Rule 15l-1) adds a “best interest” care obligation.
- Misrepresentation / Omission of Material Facts. Allegations include misrepresentation of features/risks of market-linked CDs; such conduct can violate FINRA Rule 2020 (prohibiting manipulative or deceptive devices) and FINRA Rule 2010 (standards of commercial honor).
- Forgery / Falsification Allegations. One customer alleged forgery of her signature on account documents; falsification of records would contravene FINRA Rule 2010 and related books-and-records obligations if proven.
- Breach of Fiduciary Duty / Failure to Supervise. Historical arbitration alleged breach of fiduciary duty and failure to supervise at a prior firm; firms must maintain and enforce supervisory systems under FINRA Rule 3110.
Registration & Employment Snapshot
- Current: Cetera Advisors LLC (FINRA broker) and Cetera Investment Advisers LLC (RIA) — branch: Loudon, TN.
- Exams Passed: Series 24 (11/10/2009); Series 7 (11/16/1993); SIE (10/01/2018); Series 66 (08/03/2009); Series 63 (11/22/1993).
- Prior Registration Highlights: LPL Financial LLC; Truist entities; BB&T entities; Wells Fargo Advisors Financial Network, LLC; Edward Jones.
How Investors Can Pursue Recovery
Most claims involving unsuitability, misrepresentation, or other sales-practice violations are pursued through FINRA arbitration against the responsible brokerage firm and, where appropriate, the individual broker. Time limits (eligibility and statute of limitations) may apply, so prompt evaluation is important.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Stephen Kerutis, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.