Soreide Law Group is currently investigating, JAMES P PELLETIERE (JAMES PAUL PELLETIERE JR, JAMES PAUL PELLETIERE) who was barred by FINRA, on October 4, 2023. He was previously registered as a broker with Pruco Securities, LLC of Downers Grove, Illinois, from 06/10/2019 to 10/31/2022 and before Pruco, Pelletiere was with MML Investors Services, LLC of Chicago, Illinois from 08/13/2008 to 06/07/2019.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, without admitting or denying FINRA’s findings, JAMES P PELLETIERE consented to the sanction and to the entry of finding that he refused to provide information and documents requested by FINRA in connection with its investigation into whether Pelletiere had, among other things, allegedly misused client funds and accepted cash payments from a client.
On BrokerCheck, JAMES P PELLETIERE is listed as having been in the securities industry for 24 years and had been listed with 4 firms. Pelletiere has 4 disclosures on his FINR CRD report. One of the disclosures is a “Regulatory.” He has 3 “Customer Disputes,” 2 have settled and 1 is pending.
The pending Customer Dispute is dated, 4/11/2024, and alleges “Customer alleges that the rep forced her to purchase a policy with a premium higher than she felt comfortable with and came to her place of work to give her cash to pay the first two months’ premium. He later advised her that she could reduce the monthly payment which caused the policy to go into default.”
On 3/13/2024, the customer complaint alleged, “The complainants allege that, beginning in or around 2017, the signatures on documents related to fixed annuity and life insurance policies were not genuine.” The settlement amount was $97,629.47.
The complaint dated 12/7/2022 alleged, “Customer Alleges that the rep did not fully disclose all the facts regarding churning of policies and fees.” The settlement amount was $148,532.53.
If you’ve experienced financial losses due to the actions of JAMES P PELLETIERE, formerly listed as a broker with Pruco Securities, LLC of Downers Grove, Illinois and MML Investors Services, LLC of Chicago, Illinois, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.
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