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Peter Perri Allegedly Gave an Unsuitable Investment Recommendation

Peter Perri (CRD #: 5882135), a broker registered with LPL Financial, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on March 14, 2023. Keep reading to learn more.

Investor Dispute

On February 13, 2023, an investor alleged that Peter Perri made an unsuitable investment recommendation between October 12, 2021, and October 10, 2022. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without allowing an outside review. Investors can still pursue FINRA arbitration and may be able to recover their funds after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, risk tolerance, and tax status when making recommendations.

Investors who rely on brokers for investment recommendations can potentially recoup their losses by seeking out FINRA arbitration.

Background Information

Peter Perri has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Peter Perri is a registered broker in seven states and a registered investment adviser in New York and Pennsylvania.

He has also worked for the following firms:

  • CUSO Financial Services (CRD#:42132)
  • LPL Financial (CRD#:6413)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Peter Perri 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. 

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