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.
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.
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.
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.
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.
CLIFFORD RONALD REID (CLIFFORD R REID) was previously registered with REID RUDIGER LLC of New York, NY from 10/06/1999 - 04/30/2026. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CLIFFORD R REID has 34 years of experience in the securities industry and was listed as a broker with 4 firms. Reid is […]
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