Investors might have sustained losses because of securities broker Louis Joseph Pellegriti [CRD: 5891855, New York, New York], according to disclosures on the Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Louis Pellegriti worked for Spartan Capital Securities LLC from August 15, 2017, to January 8, 2019, and earlier with Worden Capital Management LLC from November 4, 2016, to September 7, 2017. Keep reading to learn more about the specific disputes involving Louis Pellegriti.
Specifically, a Spartan Capital Management LLC client filed FINRA Arbitration No. 21-02950 alleging unsuitable trading, churning, misrepresentation, breach of fiduciary duty, and unauthorized trading concerning private placements and stocks. Allegedly, this led to losses totaling $13,028.70. As a result, on October 31, 2023, Spartan Capital Management LLC settled this matter by paying the client $500,000 in damages.
Also, a Spartan Capital Securities LLC client filed FINRA Arbitration No. 22-02719 about Louis Pellegriti. Supposedly, Pellegriti engaged in churning, misrepresentation, breach of fiduciary duty, and unauthorized trading. Therefore, on June 9, 2023, a FINRA Arbitration Panel issued an Award ordering Pellegriti to pay the client $13,025.90 in compensatory damages.
In addition, a client of Spartan Capital Securities LLC contested Louis Pellegriti’s sales practices by filing FINRA Arbitration No. 21-00020. Allegedly, Pellegriti was negligent and breached his fiduciary duty, leading to unsuitable alternative investments. As a result, Spartan Capital Securities LLC opted to settle the matter on March 14, 2022, by compensating the client in the amount of $5,000.
Particularly, on August 6, 2014, a Legend Securities Inc. client filed a complaint about Louis Pellegriti. Supposedly, Pellegriti charged excessive commission and made unsuitable recommendations. The client allegedly experienced losses on stocks and real estate securities. Therefore, the client requested $20,000 in compensation from Legend Securities Inc. or Pellegriti. This complaint closed without a resolution.
Also, a client of Joseph Gunnar Co. LLC contested Louis Pellegriti's sales practices, according to a complaint dated July 8, 2013. Allegedly, Pellegriti made misrepresentations relating to stocks. So, the client sought compensation from Joseph Gunnar Co. LLC or Pellegriti in the amount of $16,097 in this matter. This complaint closed without a resolution.
Suffered losses because of any sales practice violation by financial advisor / securities broker Louis Pellegriti? If so, get in touch with Soreide Law Group online or at (888) 760-6552 so you can talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, represents investors through contingency fees, and advances all costs. Pellegriti and the brokerage firms he worked for deny accusations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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