Articles Tagged with Fortis Investors

Jerome Bonnett, formerly with Bonnett Wealth Management, and Securities America, committed suicide in May after Bonnett Wealth Management collapsed and he was charged with first-degree forgery and insurance fraud. On May 20, Bonnett Wealth Management had its assets frozen by the state of Nebraska. Bonnett was being investigated for mismanaging investor funds for personal use. The fraud he orchestrated was estimated at $1.35 million. Many of his victims were his close friends and family members. Eight of his investors were named as beneficiaries of a $3.2 million life insurance policy he took out more than two years before his suicide. According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Bonnett was registered with Fortis Investors in Oakdale, Minnesota from May 1991 until November 1994, Walnut Street Securities in El Segundo, California from October 1994 until January 1995 and Securities America in Omaha, Nebraska from January 1995 until October 2015. He has one customer dispute against him and was not licensed within the industry before his death.

Stoltmann Law Offices is investigating Randall A. Heller, a stock broker who is currently employed by KCD Financial, Inc. Heller is accused of making an unsuitable investment recommendation in a real estate investment trust (REIT). REITs tend to be risky, illiquid investments that are not suitable for all investors. A broker must take into account an investor’s net worth, age, investment sophistication and portfolio objectives before recommending an investment. If he does not, his firm or former firm can be held liable for investment losses for not reasonably supervising its brokers. Please call our Chicago-based law offices today to speak to an attorney about your investment losses to find out how we may be able to help you bring a claim against KCD Financial for Heller losses. The call to us is free. 312-332-4200.

Heller was registered with Waddell & Reed, Pruco Securities, Metropolitan Life Insurance Company, MetLife Securities, The Prudential Insurance Company, Fortis Investors, and Waterstone Financial Group. He is currently registered with KCD Financial in Oak Lawn, Illinois and has been since March 2005. He has one customer dispute against him, which is currently pending.

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