Henry Cerruti Allegedly Mismanaged Client’s Accounts

Henry Cerruti (CRD #: 1654336), a broker registered with Northwestern Mutual Investment Services, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on May 26, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On March 22, 2023, an investor alleged that, in or around August 2021, Henry Cerruti mismanaged the client’s investment advisory accounts, resulting in losses. The client further alleged that he made assurances about the client’s expected returns.

The client sought $100,000 in damages but the dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying disputes. Investors can still seek out FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2150

FINRA Rule 2150 forbids brokers from guaranteeing investors against loss.

Background Information

Henry Cerruti has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Henry Cerruti is a registered broker in 24 states.

He has also worked for Robert W. Baird & Company (CRD#:8158) and Investacorp (CRD#:7684).

Kurta Law Can Help

If you worked with Henry Cerruti and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.