Paul Lekousis Involved In Pruco Securities Client Dispute Re: Insurance Misrepresentation

Investors apparently complained about securities broker Paul N. Lekousis [CRD: 2545673, La Grange Park, Illinois], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Lekousis has worked for OneAmerica Securities Inc. since October 16, 2023, in Indianapolis, Indiana, and since November 30, 2023, in La Grange Park, Illinois. Previously, he worked for Prudential Financial Planning Services from March 3, 2020, to July 11, 2023, and for Pruco Securities LLC from September 5, 2018, to July 11, 2023. Read on to find out more about the disclosures involving Lekousis and the client disputes reported against him.

Pruco Securities LLC Investor Accused Lekousis Of Misrepresentation

Evidently, a client filed a complaint about Paul Lekousis. The client alleged that Lekousis made misrepresentations about premium payments. Because of this, the client allegedly sustained damages connected to life insurance products. For this reason, on June 20, 2024, Pruco Securities LLC settled this matter by paying the client $10,050.00 in damages.

Paul Lekousis Disclosed Churning Allegations By Pruco Securities LLC Client

Also, a client of Pruco Securities LLC disputed Paul Lekousis’s sales practices, based on a complaint. Allegedly, Lekousis churned life insurance policies and failed to disclose facts about the insurance products. As a result, Pruco Securities LLC agreed to settle the matter on June 28, 2023, by compensating the client totaling $148,532.53.

Pruco Securities LLC Terminated Lekousis Over Policy Applications, Client Signatures

Particularly, on June 22, 2023, Pruco Securities LLC disaffiliated with Lekousis. Evidently, Pruco Securities LLC alleged that Lekousis reused a client signature page, submitted fake electronic client signatures on policy applications, and failed to properly report client complaints.

Were You Impacted By Financial Advisor / Securities Broker Paul Lekousis?

Do you need clarification on any investment losses relating to Paul Lekousis? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney about a possible recovery of your investment losses. Soreide Law Group helps to recover losses for clients throughout the USA. The firm also works through a contingency fee arrangement and advances all costs. Lekousis and brokerage firms Lekousis worked for deny all allegations referenced in public disclosures.