Stephen Kerutis At Center Of Truist Investment Services Clients’ Unsuitable Advice Complaints

Investors might have sustained losses because of securities broker Stephen Thomas Kerutis (also known as Steve Kerutis) [CRD: 2345517, Loudon, Tennessee], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Kerutis has worked for Cetera Advisors LLC since November 21, 2023, and for Cetera Investment Advisers LLC since March 21, 2024. Previously, he worked for LPL Financial LLC from April 27, 2021, to November 14, 2023, Truist Investment Services Inc. from February 17, 2021, to April 27, 2021, and BB&T Securities LLC from January 2, 2018, to February 17, 2021. See the following information to discover more about the disclosures involving Kerutis.

Truist Investment Services Inc. Investor Accused Steve Kerutis Of Unsuitable Recommendations

Notably, on August 5, 2025, a Truist Investment Services Inc. client filed FINRA Arbitration No. 25-01603 about Stephen Kerutis. Primarily, the client alleged that Kerutis made unsuitable recommendations. Because of this, the investor allegedly sustained damages connected to CDs. Therefore, the client requested damages exceeding $5,000 in compensation from Truist Investment Services Inc. or Kerutis. It appears that this arbitration is pending a resolution.

Stephen Kerutis Disclosed Poor Performance Allegations By Truist Investment Services Inc. Client

Specifically, a client of Truist Investment Services Inc. disputed Stephen Kerutis’s sales practices, according to a complaint dated December 6, 2023. Allegedly, Kerutis recommended investments which poorly performed. It appears that Kerutis allegedly caused the client to sustain damages relating to structured investments. As a result, the client sought compensation from Truist Investment Services Inc. or Kerutis in the amount of more than $5,000 in this matter. However, the firm denied this complaint.

LPL Financial LLC Investor Accused Steve Kerutis Of Misrepresentation

Also, on July 26, 2023, an LPL Financial LLC client filed a complaint about Stephen Kerutis. Mainly, the client alleged that Kerutis misrepresented market-linked CDs and committed forgery of her signature on account documents. For this reason, the client allegedly incurred damages. Consequently, the client requested more than $5,000 in compensation from LPL Financial LLC or Kerutis. The matter was settled on November 1, 2023, for $93,110.74, with no contribution from Kerutis.

Stephen Kerutis Disclosed Misrepresentation Allegations By Truist Investment Services Inc. Client

Additionally, a client of Truist Investment Services Inc. contested Stephen Kerutis’s sales practices, according to a complaint. Allegedly, Kerutis made misrepresentations of material fact by guaranteeing a 5% return on a structured investment purchased in November 2019. It appears that Kerutis caused the client to sustain damages associated with structured investments. Therefore, Truist Investment Services Inc. denied the complaint on January 30, 2024.

Did You Sustain Losses Because Of Financial Advisor / Securities Broker Steve Kerutis?

Do you need clarification on any investment losses associated with Stephen Kerutis? Contact Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Kerutis and brokerage firms Kerutis worked for deny allegations of sales practice violations.