James Pelletiere, formerly with Pruco Securities, Barred by FINRA
DOWNERS GROVE, ILLINOIS
Did you invest with financial advisor James Pelletiere, formerly with Pruco Securities? We are reviewing claims made against James Pelletiere from Downers Grove, Illinois. In October 2023, FINRA (the Financial Industry Regulatory Authority) barred Pelletiere from the securities industry. FINRA alleged that he did not cooperate with a FINRA investigation.
FINRA’s Disciplinary Database shows that Pelletiere was under investigation in June 2023. Pelletiere was the subject of a December 2022 customer complaint alleging that he misrepresented surrender fees associated with the replacement of a life insurance policy. Pruco Securities internally investigated Pelletiere and believed that Pelletiere accepted cash from a customer and deposited the cash into his own personal account.
Mr. Pelletiere was a financial advisor and registered representative of Pruco Securities from June 2019 to October 2022. He was also affiliated with Pruco Securities’ affiliate, Prudential Insurance. He worked in a branch office in Downers Grove, Illinois.
FINRA Rule 8210 requires stockbrokers and financial advisors like Pelletiere have to respond to FINRA investigations. Advisors are often barred for failing to respond to such investigations.
Our law firm represents investors throughout the Chicagoland area. Attorney David Neuman grew up in the western suburbs in nearby Addison and still maintains his Illinois law license.
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