John Perillo Fired by Kestra Investment Services

The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations involving financial advisor, John J. Perillo, who previously was a representative with Kestra Investment Services and worked in Auburn Hills, Michigan. His registration was terminated by Kestra Investment Services in August 2026.

Allegations Against John Perillo

According to FINRA’s BrokerCheck, Kestra Investment Services fired John Perillo regarding allegations of “Violation of Firm Policy with respect to borrowing funds from multiple clients and taking custody of client funds for the purpose of a bill pay service.” Generally, financial advisors cannot borrow money from clients, with limited exceptions. Moreover, advisors like Perillo must obtain permission to do so from their firms in advance.

Background on John J. Perillo

John Perillo was licensed with Kestra Investment Services from February 2023 to August 2026 at an Auburn Hills, Michigan office. He was also previously licensed with UBS Financial Services in Troy, Michigan, and also ran a company called Affidare Private Wealth Management.

Can Kestra Investment Services Be Liable to its Customers for Jones’s Conduct?

FINRA Rule 3110 requires securities brokerage firms like Kestra Investment Services to adequately supervise the activity of its advisors. Kestra Investment Services could be responsible for investor losses if it failed to reasonably supervise their advisors.

Israels & Neuman Helps Recover Investment Losses in Michigan

We represent investors throughout the United States as well as Michigan. Attorney Aaron Israels is licensed to practice law in Michigan and has offices in Ann Arbor and Grand Rapids. If you were a client of John J. Perillo and believe he acted improperly, you may be entitled to recover your losses through FINRA arbitration.

View Perillo’s BrokerCheck Report

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