Wargo is also accused of negligence, breach of fiduciary duty, and material misrepresentations and omissions.
Louis Martin Wargo (CRD#: 1416101) is registered as a broker and investment adviser with FSC Securities Corporation, where he has been employed since 2003. Previously, Wargo was registered as a broker and investment adviser with Axa Advisors from 1995 until 2003.
Wargo has four disclosures on his BrokerCheck report. Two customer disputes filed against Wargo were denied.
January 2021 Customer Dispute
- Status: Pending
- Allegations: Claimants allege unsuitability of investment in alternative investments which caused financial harm. The allegations include negligence, gross negligence, over-concentration, breach of fiduciary duty, breach of contract and material misrepresentations and omissions.
- Damage Amount Requested: $50,000.00
September 2020 Customer Dispute
- Status: Pending
- Allegations: Claimant alleges his account was over concentrated in alternative investments.
- Damage Amount Requested: $100,000.00
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The Sonn Law Group is currently investigating allegations surrounding Louis Martin Wargo. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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