Close Menu
Free Consultation: 888-976-6111

Peter Ermogenous: Complaint Against Wells Fargo Advisor Settles

Carle Place financial advisor Peter Ermogenous (CRD# 5257901) has received several investor complaints alleging his investment advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Wells Fargo Clearing Services, having previously been registered with Citigroup Global Markets and Capital One Investing. 

Mr. Ermogenous’ BrokerCheck report discloses three investor complaints. The most recent, filed in May 2022, alleged that as a representative of Aegis Capital Corporation, he recommended investments that performed poorly. The complaint reached a settlement later that month of $60,000. In a statement on the disclosure, Mr. Ermogenous wrote that the client alleged dissatisfaction with the portfolio’s performance “years after closing his account” and that there was no sales practice violation alleged. 

A second investor complaint, filed in 2020, alleged that he breached his fiduciary duty, recommended unsuitable investments, and breached contract while a representative of Aegis Capital Corporation. In February 2022 the complaint reached a settlement of $90,628.

A third investor complaint, filed in 2010, alleged that as a representative of Prestige Financial Center, he misrepresented the characteristics and risks of exchange-traded fund purchases, failed to execute a stop loss order, and misrepresented the use of margin. In 2011 the complaint reached a settlement of $2,000.

According to the Financial Industry Regulatory Authority, Peter Ermogenous holds 15 years of securities industry experience. Based in Carle Place, New York, he has been a broker and an investment advisor with Wells Fargo Clearing Services since 2022. His past registrations include Citigroup Global Markets, Capital One Investing, JP Morgan Securities, Aegis Capital Corporation, Blackbook Capital, Alexander Capital, Brookstone Securities, Prestige Financial Center, Obsidian Financial Group, and Westrock Advisors. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Connecticut, Florida, Massachusetts, Nebraska, New Hampshire, New Jersey, New York, Pennsylvania, Texas, Utah, and West Virginia. (Information current as of October 1, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • CoinFund Liquid Opportunities LP Losses: Investors May Have Options

    In July 2023, US-based cryptocurrency investment firm and registered investment adviser CoinFund announced that it had closed its $158 million...

    Read More
  • Elba Nogueras: FINRA Suspends Ex-First Southern Advisor

    Former Guaynabo, Puerto Rico financial advisor Elba Nogueras (CRD# 4459340) has been involved involved in multiple investor complaints involving Puerto...

    Read More
  • Daniel Snover: PMV Advisor Faces $383K Complaint

    Addison, Texas financial advisor Daniel Snover (CRD# 5161189) recently received an investor complaint alleging his conduct resulted in losses exceeding...

    Read More
  • Jennifer Basey: $75K Complaint Against Stifel Nicolaus Advisor

    A recent investor complaint against Fort Myers financial advisor Jennifer Basey (CRD# 4730054) alleges that her advice resulted in losses....

    Read More
  • Previous
  • Next