Truist Investment Services, Inc. broker Luke Alger (CRD# 5387062) is accused of mutual fund losses. He has been registered with Truist Investment Services, Inc. in Brentwood, Tennessee, since 2014, and Truist Advisory Services, Inc. in Brentwood, Tennessee, since 2016. He was registered with Suntrust Investment Services, Inc. in Brentwood, Tennessee, from 2014 to 2016.
Luke Alger Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2023. “Client alleges representative made an unsuitable recommendation in intermediate and long-term-bond funds in October of 2020.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding mutual fund losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Truist Investment Services, Inc. may be liable for investment or other losses suffered by Luke Alger’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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