Peter Billis Terminated by LPL Financial
Peter Billis (CRD #: 2680358), a broker registered with Cetera Investment Services, has been fired by LPL Financial, according to his BrokerCheck record, accessed on February 9, 2022.
On November 28, 2021, LPL Financial fired Peter Billis following allegations that he electronically signed account applications on customers’ behalf. Investors should know that FINRA Rule 4511 requires brokers to maintain accurate books and records.
Brokers who fail to uphold FINRA Rule 4511 would also be in violation of FINRA Rule 2010. FINRA Rule 2010 requires brokers to observe high standards of commercial honor and just and equitable principles of trade.
On August 30, 2018, an investor alleged that Peter Billis executed an unauthorized exchange of a variable annuity policy. FINRA Rule 3260 prohibits unauthorized securities transactions. The investor sought $115,000; the dispute was denied. Investors should know that firms can deny a dispute with any FINRA review. Investors can still recover their losses following a denial.
Peter Billis 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
He is a registered broker in Maryland and Pennsylvania and is a registered investment adviser in Pennsylvania.
Peter Billis has worked with the following firms:
- Invest Financial Corporation (CRD #: 12984)
- Santander Securities (CRD #: 41791)
- IFMG Securities (CRD #: 14416)
- Community Bankers Securities (CRD #: 42794)
- Bainbridge Securities (CRD #: 36757)
- Financial Network Investment Corporation (CRD #: 13572)
- The Financial Group (CRD #: 14720)
- First Maryland Brokerage Corporation (CRD #: 17531)
Kurta Law Can Help
If you have worked with Peter Billis and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.