Louis Pepe: Suitability Complaint Against Capitol Securities Advisor

Melville, New York financial advisor Louis Pepe (CRD# 4651571) allegedly made excessive trades, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Capitol Securities Management.

Mr. Pepe’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2026, alleges that as a representative of Capitol Securities Management, he engaged in excessive trading and made unsuitable investment recommendations. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2017, alleged that as a representative of Capitol Securities Management, he failed to adjust the customer’s investment strategy despite losses in the account. The complaint alleged unspecified damages and was denied by the firm.

A third investor complaint, filed in 1995, alleged that he sold stock without authorization. The complaint evolved into an arbitration proceeding before a NASD panel, which issued an award of $3,360 to the claimant.

According to the Financial Industry Regulatory Authority, Louis Pepe holds 33 years of securities industry experience. Based in Melville, New York, he has been registered as a broker with Capitol Securities Management since 2012. His past registrations include Capitol Securities & Associates, Westrock Advisors, Weatherly Securities Corporation, Tasin & Company, and Robert Todd Financial Corporation. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; and the Investment Banking Registered Representative Examination, or Series 79TO. He holds 20 state licenses. (Information current as of June 15, 2026.)

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