Brandon Carl Rudolph, of Las Vegas, Nevada, a stockbroker formerly registered with Chelsea Financial Services, is the subject of a customer initiated investment related written complaint on November 1, 2021, in which the customer requested $96,500.00 in damages supported by allegations of Rudolph engaging in private securities transactions including a promissory note sale when he was associated with Chelsea Financial Services, resulting in damages to the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Rudolph has been identified in three more customer initiated investment related disputes regarding accusations of his wrongdoing during the period that he was registered with Chelsea Financial Services and WealthForge Securities LLC. On February 1, 2021, a customer filed an investment related FINRA securities arbitration claim involving Rudolph’s conduct where the customer sought $748,294.00 in damages founded on allegations of negligence and unsuitable investment recommendations concerning a private placement transaction while Rudolph was employed by WealthForge Securities. FINRA Arbitration No. 21-00209. The claim also contains accusations of breach of fiduciary duty and violation of state securities laws.
Rudolph is also referenced in a customer initiated investment related arbitration claim which was settled for $30,000.00 in damages based upon allegations of Rudolph selling a promissory note to the customer as a private securities transaction while he was registered with Chelsea Financial Services. FINRA Arbitration No. 21-00219 (February 18, 2021).
On June 7, 2021, another customer initiated investment related arbitration claim concerning Rudolph’s conduct was resolved for $24,500.00 in damages supported by accusations of a breach of fiduciary duty relating to a private placement sale during the time that Rudolph was registered with WealthForge Securities. FINRA Arbitration No. 21-00238. According to the claim, the customer received bad investment advice from Rudolph. The claim also alleges negligence and the violation of California securities laws.
FINRA Public Disclosure shows that Rudolph has been barred from associating with any FINRA member in any capacity founded on allegations that he failed to cooperate with a FINRA investigation concerning accusations of his selling away activities while he was registered with Chelsea Financial Services. Letter of Acceptance, Waiver, and Consent No. 2016050388301 (May 9, 2018).
According to the AWC, the focus of FINRA’s investigation was Rudolph’s possible private securities transactions. In April of 2018, he was asked by FINRA to provide information concerning his activities. The AWC states that a partial response was provided by Rudolph on April 17, 2018. The stockbroker refused to supplement that response. After a second request was made by the regulator, Rudolph’s lawyer indicated that Rudolph would not cooperate in the investigation. FINRA indicated that Rudolph refused to provide documents and information in violation of FINRA Rules 2010 and 8210.
Rudolph has also been barred by the State of Nevada from having any association with an investment adviser or broker-dealer in the state. Case No. INV18-089 (Aug. 6, 2018). The regulator’s decision is based on FINRA barring Rudolph on May 9, 2018.
