Gerald Lee Repasz of Peoria Illinois a stockbroker currently employed by Ausdal Financial Partners Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $62,000.00 in damages founded on accusations of suitability relating to the customer’s real estate investment trust holdings. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02791 (Oct. 24, 2017).
FINRA Public Disclosure confirms that Repasz has been identified in four additional customer initiated investment related disputes containing allegations of Repasz’s wrongful conduct while employed by SII Investments, Inc. and Berthel, Fisher & Company Financial Services, Inc. Specifically, on June 16, 2005, a customer filed an investment related complaint that pertained to Repasz’s conduct where the customer requested $186,000.00 in damages founded on accusations that misrepresentations had been made to the customer concerning the surrender penalties of a variable annuity.
On June 24, 2011, another customer filed an investment related complaint regarding Repasz’s conduct in which the customer sought damages estimated to exceed $5,000.00 based upon allegations that Repasz misled the customer about the customer’s investments in a real estate security, promissory note and variable annuity. The customer additionally alleged that Berthel Fisher failed to supervise Repasz’s activities in the customer’s account.
Subsequently, a customer filed an investment related arbitration claim that concerned Repasz’s conduct where the customer requested $2,028,000.00 in damages based upon accusations of misrepresentation and suitability pertaining to a private placement. FINRA Arbitration No. 11-04331 (Nov. 18, 2011). That customer additionally alleged Berthel Fisher was liable for failing to conduct due diligence.
In addition, a customer initiated investment related arbitration claim regarding Repasz’s conduct was resolved for $20,000.00 in damages founded on allegations that Repasz made misrepresentations to the customer concerning alternative investments and executed an unsuitable real estate security transaction in the customer’s investment portfolio. FINRA Arbitration No. 16-023520 (July 28, 2017).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
