Articles Tagged with Thrivent Investment Management

AdobeStock_112465076-1-300x164Paul William Marks was recently accused of forging client signatures on forms required for a deposit in January 2016. Mr. Marks allegedly forged the customer’s signature on three documents without the customer’s consent or authorization. He also allegedly failed to timely execute the customer’s 2015 transaction, which resulted in a two-month delay in the customer’s investment. He also allegedly made false statements to his firm, Thrivent Investment Management, about the forgeries. These are against securities rules, and Marks was fined $5,000 and suspended for six months. According to the Financial Industry Regulatory Authority (FINRA), Paul Marks was registered with Thrivent Investment Management in Angola, New York from December 2008 until June 2016. He is not currently registered. To find out how you may be able to sue Thrivent Investment Management in the FINRA arbitration forum, please call our securities law offices today. We are securities attorneys based in Chicago, Illinois, who may be able to help you recover your losses on a contingency fee basis. The call is free with no obligation.

AdobeStock_77502568-1-300x199According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Ronald Nabors allegedly engaged in an outside business activity involving an office supply business between January 2009 and January 2013 without providing prior written notice to Thrivent Investment Management, his brokerage firm. This is against securities rules and regulations and against firm rules. For this, Nabors was suspended from the industry for 12 months and fined $10,000. According to his FINRA BrokerCheck report, Nabors was registered with Thrivent Investment Management in Royal Oak, Michigan from January 2009 until September 2016. He has one criminal final disposition against him and is currently not registered within the industry. Please call our Chicago, Illinois securities law firm today in order to speak to an attorney for a no-cost, no-obligation. We may be able to bring a claim against Thrivent Investment Management in order to recover your investment losses on a contingency fee basis.

AdobeStock_112181284-1-300x200Did you or someone you know lose money with Gerhard Heuer? If so, those investment losses may be recoverable through the Financial Industry Regulatory Authority (FINRA) arbitration process. We are Chicago and Barrington, Illinois-based securities attorneys who bring claims against brokerage firms in order to recover investment losses for investors. The call to us is free with no obligation, so please call us today. 312-332-4200. Attorneys are standing by.
Heuer has been subject to six customer complaints, many of which concern suitability over recommendations for Variable Universal Life (VUL) policies. These are complex and risky investment products that investors must fully understand prior to investing. A broker like Gerhard Heuer must disclose the risks of these investments and only recommend those investments which are suitable for clients by taking into account their age, net worth, investment objectives and investment sophistication. If he does not, his brokerage firm may be liable for losses on a contingency fee basis, which means we only make money if you recover yours in the arbitration forum.
He was previously registered with Lutheran Brotherhood Securities Corp in Minneapolis, Minnesota from December 1998 until July 2002 and Thrivent Investment Management in Beaverton, Oregon from July 2002 until January 2016. He is currently registered with Independent Financial Group in Beaverton, and has been since January 2016. He has six customer disputes against him.

AdobeStock_33766885-1-300x200Stoltmann Law Offices is investigating Robert Ward who was most recently registered with Thrivent Investment Management in Eagan, Minnesota. Mr. Ward was accused of engaging, and permitting other firm employees to engage in a practice of obtaining customer signatures on blank or incomplete forms and photocopying customer signatures. For this, he was suspended for nine months and fined $7,500. He also allegedly had clients sign blank documents, which is also against securities rules and for this he was suspended for six months and fined $5,000. If you suffered losses because of Mr. Ward, you may be able to recover those by suing his former firm, Thrivent Investment Management, in the Financial Industry Regulatory Authority (FINRA) on a contingency fee basis. The call to us is free so please call today to find out how. 312-332-4200.
Robert William Ward was registered with Lutheran Brotherhood Securities in Minneapolis, Minnesota from March 2001 until July 2002 and Thrivent Investment Management in Eagan, Minnesota from July 2002 until May 2015. He has one customer dispute against him. He is not registered within the industry and has been suspended, according to his FINRA online BrokerCheck report.

Miguel Angel Hernandez was barred from the brokerage industry by the Financial Industry Regulatory Authority (FINRA) after allegedly lying to a woman he met in church in order to take $25,000 from her. Mr. Hernandez told the elderly customer he needed $25,000 to cover expenses associated with his tax business. In reality, he did not have a tax business, and used her money for himself. Hernandez promised the woman a two percent stake in the fake tax business after five years of operation, and quarterly payments of $1,081.56 for at least three years, and as many as 10. Hernandez was registered with Thrivent Investment Management in El Paso, Texas from May 2004 until May 2015. He is not currently licensed within the industry and has been permanently barred by FINRA.

Jean Walsh-Josephson, a former Thrivent Investment Management broker in Oshkosh, Wisconsin (54901) was found dead, along with her husband, in an apparent suicide. Walsh-Josephson had been charged with 20 counts of theft in a business setting of more than $10,000 each. She also allegedly stole $1.5 million from several elderly customers who resided in Wisconsin. Walsh-Josephson allegedly stole more than $300,000 from a widower who invested his life savings with her. The Wisconsin Office of the Commissioner of Insurance ordered Walsh-Josephson to pay a $1 million forfeiture and more than $500,000 in restitution last year. She was facing years in prison and her trial started last week on 36 felony charges of theft in a business setting and three other charges.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Matthew Niederbaumer was accused of exercising discretion in the accounts of five customers without obtaining prior written authorization from the customers or from his member firm, Thrivent Investment Management. Niederbaumer allegedly exercised discretion in executing 10 transactions in connection with the sale and purchase of exchange-traded notes and funds in five customer accounts on January 21, 2016. This is against securities laws. For this, he was suspended for 10 business days and fined $5,000.

According to his online FINRA BrokerCheck report, Niederbaumer has been registered with Thrivent Investment Management in Huron, South Dakota since July 2002. Please call our Chicago-based securities law firm today for a free consultation with an attorney. We may be able to help you bring a claim against Thrivent Investment Management if you suffered losses with Matthew Niederbaumer. The firm had a duty to reasonably supervise him while he was registered there. Because it did not, the firm can be held liable in the FINRA arbitration forum on a contingency fee basis. 312-332-4200.

Stoltmann Law Offices is investigating Jerome Krause, a former broker with First Heartland Capital. Krause has been ordered by the Financial Industry Regulatory Authority (FINRA) to pay $600,000 in damages to an elderly couple after he allegedly took money from them. Both of his clients were in their 80s and claimed Krause used his position of trust and their vulnerability as elderly, to take more than $150,000 from them, saying the money would be loans. Allegedly, Krause ended up borrowing more than $150,000 from 2010 until 2014, liquidating some of their investments so he could finance the loans. This was done without the couple’s knowledge or consent. It was also alleged that First Heartland Capital, Krause’s broker-dealer, failed to supervise him, allowing him to steal the money. Krause was also accused of borrowing from another client by liquidating a variable annuity. Krause was terminated from the firm in 2012 after this accusation. It is for these reasons that First Heartland Capital may be responsible for any money losses you may have suffered because of Mr. Krause. Please call our securities law firm in Chicago today to speak to one of our attorneys about your options of recovering your money in the FINRA arbitration forum. We take all cases on a contingency fee basis and the call to us is free. We may be able to help you bring legal recourse against First Heartland Capital.

According to his online FINRA BrokerCheck report, Mr. Krause was registered with Thrivent Investment Management in Minneapolis, Minnesota from June 1987 until September 2005 and First Heartland Capital in Memomonee Falls, Wisconsin from August 2005 until February 2012. He has two customer disputes against him and is not licensed within the industry. 312-332-4200. Please call today as there is a statute of limitations on most of these cases.

Stoltmann Law Offices is investigating Bruce R. Geiger, currently registered with Woodbury Financial Services in Visalia, California since 2010. Before Woodbury, Geiger was associated with Thrivent Investment Management Inc. from June 1987 until December 2010. While at Thrivent Management, Geiger is accused of using an Annuity/Settlement Option Withdrawal Service Request form to facilitate customer requests for surrenders, partial withdrawals, full withdrawals and transfers of funds in connection with various annuity contracts or life insurance settlement options, and forging a client signature on those documents. He is also accused of adding dates to customer signature pages from forms that previously existed, and forging dates. This is strictly prohibited by his firm, even with customer acknowledgement and permission. Geiger is accused of allegedly falsifying 115 documents. For this, he was fined $5,000 and suspended for three and a half months by the Financial Industry Regulatory Authority (FINRA).

For these actions, Bruce R. Geiger’s former firm, Thrivent Investment Management, can be sued. Please contact our securities law office at 312-332-4200 to speak to an attorney. We can help you go over your options for suing Thrivent Investment Management in the FINRA arbitration forum for failing to reasonably supervise him while he was employed there.

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