Bradley Leo Renberg of West Des Moines Iowa a stockbroker currently employed by Ameriprise Financial Services is referenced in a customer initiated investment related written complaint on February 9, 2018 in which the customer sought $5,000.00 in damages based upon allegations that in 2017, Renberg effected unauthorized trades in the customer’s account and made investment recommendations to the customer that were not suitable concerning over-the-counter equities and stocks.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Renberg is referenced in two more customer initiated investment related disputes pertaining to accusations of Renberg’s wrongdoing during the time that he was registered with H&R Block Financial Advisors, Inc. (formerly known as Olde Discount Corporation). Specifically, Renberg was subject of a customer initiated investment related arbitration claim where the customer was awarded $130,000.00 in damages according to an arbitration claim in which Renberg was found liable on the customer’s claim of account mismanagement, omissions of the risks of investments, and unsuitable trading in the customer’s account. New York Stock Exchange (NYSE) Arbitration No. 2000-008497 (June 4, 2001).
Thereafter, a customer initiated investment related arbitration claim regarding Renberg’s conduct was resolved for $105,000.00 in damages founded on allegations including negligence, unauthorized trading, omissions of fact, violation of securities laws, breach of fiduciary duty, and breach of contract in regard to equities transactions effected in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 01-03923 (June 12, 2002).
Renberg has been associated with three different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
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