Articles Tagged with Fort Wayne

Stoltmann Law Offices is investigating Bradley Friedmark, a former broker with ProEquities Inc. Mr. Freidmark allegedly held several lunch seminars where investors were sold real estate investment trusts (REITs) in Behringer Harvard and private placements such as Leaf Equipment. A REIT is a type of security that invests in real estate through mortgages or property and trades similar to a stock. REITs tend to be very risky and illiquid investments that are not suitable for all investors. Private placements are securities offerings exempt from registration with the SEC. Private placements are also risky investments. A client should only be sold a REIT or a private placement once a full background check of his age, net worth, investment sophistication and investment objectives are clearly stated and understood. If a broker sells a risky and unsuitable investment to a client, and that client loses money because of it, the broker’s investment firm may be responsible for investment losses because that firm was not reasonably supervising the broker.

Freidmark was registered with Mony Securities Corp in New York, New York from January 1998 until February 1999, The Lincoln National Life Insurance Company in Fort Wayne, Indiana from February 1999 until March 2000, and ProEquities Inc. in Otsego, Minnesota from March 2000 until August 2015. Please call our Chicago-based securities law firm today for a free consultation with one of our attorneys if you feel you may have a claim to bring against Freidmark and ProEquities. We may be able to take your case on a contingency fee basis to recover your investment losses.

Stoltmann Law Offices is investigating Lincoln Financial Advisors Corporation out of Fort Wayne, Indiana. The Financial Industry Regulatory Authority (FINRA) filed a complaint against the brokerage firm for allegedly failing to adequately supervise the sales of a hedge fund that were offered as a sub-account for a private placement variable annuity. The hedge fund engaged in complex options trading, which was risky for customers. The investments of at least 25 customers totaled over $11.7 million. The hedge fund was offered between October 2008 and April 2009. Investors lost millions in the particular hedge fund. Lincoln Financial failed to provide adequate training to their representatives who sold the fund, and failed to supervise customer-specific suitability determinations in connection with the sale of the hedge fund. Lincoln Financial was fined $150,000.

If you invested money with Lincoln Financial Advisors Corporation, please contact our securities law offices in Chicago at 312-332-4200 to speak to an attorney. You may be able to bring a claim against Lincoln Financial Advisors for failing to provide adequate training to their registered representatives. They could be liable for financial losses in this way. The call is free with no obligation. Please call as soon as possible because there is a statute of limitations on most cases.

Adrian S. Lauer, a former Securities America broker entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Lauer was accused of failing to disclose outside business activities to his member firm. Allegedly, from April 2011 until March 2014, he participated in an advisory business and worked as a webmaster for a college alumni club, at the same time being employed with Securities America. According to his AWC, Mr. Lauer failed to disclose his participation in these businesses. For this, he was suspended for 60 days and fined $5,000.

Mr. Lauer was registered with IDS Life Insurance Company in Minneapolis, Minnesota, America Express Financial Advisors in Minneapolis, The O.N. Equity Sales Company in Fort Wayne, Indiana, Cambridge Investment Research Inc. in Fort Wayne and Securities America in Fort Wayne. He is not currently registered with any firm. If you invested money with Adrian S. Lauer, please call our securities law firm based in Chicago at 312-332-4200. We can help you discuss your options of suing Securities America for not reasonably supervising Mr. Lauer while he was employed there. The call is free.

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