Last Updated: December 2024 (Woodstock, IL)
Patrick Louise Investigation Summary
Here’s what you need to know about Woodstock, IL, stockbroker Patrick Louise:
- Name: Patrick Dean Louise
- Current Employer: LPL Financial LLC
- Function: Stockbroker / Financial Advisor
- Aliases: Patrick Louise
- Primary Location: Woodstock, IL
- CRD: 5810428
- Can Patrick Louise be sued in FINRA arbitration? Yes
- Pending Customer Dispute Seeks Damages: $2,000,000
If you’ve sustained damages from Mr. Louise, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Patrick Louise As Your Stockbroker?
A pending FINRA arbitration, filed on March 25, 2024 (Docket #24-00671), alleges that Patrick Louise recommended unsuitable investments in variable annuities between 2011 and 2023. The customer is seeking damages of $2,000,000. These allegations involve investment practices that may have breached FINRA Rule 2111, which requires brokers to ensure that recommended investments are suitable for their clients’ financial objectives and risk tolerance.
Allegations of Broker Misconduct Against Patrick Louise
Customers and regulatory agencies have alleged the following misconduct against Patrick Louise:
- Unsuitable Investment Recommendations: Claimants allege that Mr. Louise recommended unsuitable variable annuities, potentially violating FINRA Rule 2111, which mandates that brokers ensure investments align with their clients’ financial needs and goals.
- Ongoing FINRA Arbitration: A $2,000,000 arbitration is pending, involving claims of unsuitable sales practices spanning more than a decade.
FINRA imposes strict requirements on brokers to adhere to ethical standards, including providing transparent and suitable investment advice. The pending dispute raises serious questions about Mr. Louise’s adherence to these standards.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Patrick Louise, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
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.
