Stoltmann Law Offices is investigating Jerome Krause, a former registered representative with First Heartland Capital in Menomonee Falls, Wisconsin. Allegedly, Mr. Krause borrowed funds without authorization, executed unauthorized trades and “used his position of trust and the Claimants’ vulnerability as older adults to siphon money from them under the guise of ‘loans’ as part of a false and fraudulent scheme.” He also allegedly “borrowed a total of $51,000 from two customers” in violation of firm policy. For this, he was fined $15,000 and suspended for two months. He also mismanaged an account. These are all against securities rules and regulations. Mr. Krause was registered with Thrivent Investment Management in Minneapolis, Minnesota from June 1987 until September 2005 and First Heartland Capital in Menomonee Falls, Wisconsin from August 2005 until February 2012. He is not currently registered with any Financial Industry Regulatory Authority (FINRA) firm and is not licensed within the industry. Please call us today for a free consultation as to whether you may be able to bring a claim against Krause’s former firm, First Heartland Capital, for investment losses. 312-332-4200.
According to publicly available records, Jean Walsh-Josephson was recently terminated by Thrivent Investment Management, and is the subject of a pending criminal charge. She was terminated from her position at Thrivent following allegations that “in connection with investigating the RR’s activities that resulted in criminal charges for forgery and theft, the firm discovered that she had instructed at least one customer to deliver funds to an undisclosed outside business activity involving her.” She was also charged in the Wisconsin Circuit Court for Winnebago County with seven felony counts of “Theft-Business Settling Over $10,000,” one felony count of “Forgery-Writing or Objects,” 20 felony counts of “Theft-Business Settling Over $10,000,” one misdemeanor count of “Theft-Movable Property Less Than $2,500,” and one misdemeanor count of “Resisting or Obstructing an Officer.” Please call our law offices today to discuss your options of bringing a claim against Thrivent Investment Management on a contingency fee basis. Josephson was registered with Thrivent in Oshkosh, Wisconsin from July 1996 until September 2015. She has one criminal pending charge against her. She is not licensed within the industry and has been permanently barred from the industry.
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.