Securities Arbitration Lawyers BlogBradley Renberg Subject Of Unsuitability Allegations
Bradley Renberg (Bradley Leo Renberg CRD: #2155253, aka “Bradley Leo Rewberg”) is a currently registered broker and investment advisor currently employed with Ameriprise Financial Services (CRD#: 6363) of West Des Moines, IA. He was previously employed by Ameriprise Advisor Services, Inc. (CRD#:5979), also of West Des Moines, and by Hibbard Brown & Co., Inc. (CRD#:18246, expelled by FINRA on 2/22/1996) of New York City. He has been in the business since 1991.
A client dispute filed on 5/8/2019 alleged that from the five-year period of May 2014 through May 2019, Renberg “recommended unsuitable investments and transactions including high-risk investments in the energy and retail sectors.” The clients requested damages of $380,000, and Ameriprise settled the case for $150,000, to avoid the potential expense of arbitration.
Did You Invest With Bradley Renberg?
A broker has a duty to “know his or her client.” Your financial adviser must discuss with you the level of risk with which you are comfortable and invest your assets accordingly. If a financial advisor recommends securities that do not meet your risk tolerances and investment objectives, and you suffer losses, you may be entitled to legal relief through a securities fraud lawsuit. Our attorneys can review the investments in your portfolio to determine if your financial advisor has invested your assets in securities that are unsuitable for your objectives and level of risk tolerance.
A securities broker has a fiduciary duty to act in the client’s best interest at all times. This duty may have been breached if your investment adviser puts his or her financial interests ahead of your financial interests. If your financial advisor put his financial interests ahead of yours or otherwise mislead you about an investment, you may have a claim against that advisor.
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.