Unsuitable Investment Recommendations with Former Triad Advisors, Inc. Broker Kenneth Luccioni

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Erez Law is currently investigating former Triad Advisors, Inc. broker Kenneth Luccioni (CRD# 719779) who is accused of unsuitable investment recommendations. Kenneth Luccioni was registered with Triad Advisors, Inc. in Park Ridge, Illinois from 2000 to 2016.

In November 2018, FINRA barred Kenneth Luccioni after he consented to the sanction and to the entry of findings that he failed to provide documents and information to FINRA in connection with an investigation into whether he had failed to disclose federal and state tax liens on his Uniform Application for Securities Industry Registration or Transfer (Form U4). 

Kenneth Luccioni Customer Complaints

Kenneth Luccioni has been the subject of three customer complaints between 2020 and 2021, according to his CRD report:

January 2021. “Claimant alleges that Mr. Luccioni overconcentrated her account in volatile energy sector securities that were unsuitable.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding oil and gas investment losses.

March 2020. “Claimants allege an unsuitable investment strategy beginning in 2005.” The customer is seeking $900,000 in damages and the case is currently pending. The complaint was regarding mutual funds and direct investments (DPP and LP interests).

March 2020. “Claimants allege an unsuitable investment strategy beginning in 2005.” The customer is seeking $1 million in damages and the case is currently pending. The complaint was regarding mutual funds and direct investments (DPP and LP interests).

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, Triad Advisors, Inc. may be liable for investment or other losses suffered by Kenneth Luccioni’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.