David Kenneth Thiele, of Bend, Oregon, a stockbroker formerly registered with FSC Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon allegations that Thiele made the unsuitable investment recommendation of alternative investments when Thiele was associated with FSC Securities Corporation. FINRA Arbitration No. 23-02485 (October 24, 2023).
This is not the first time that Thiele has been referenced in a customer initiated investment related dispute concerning Thiele’s conduct in the securities industry. FINRA Public Disclosure shows that Thiele is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,228,822.00 in damages based upon allegations that Thiele did not properly supervise a stockbroker who serviced their father’s account. The claim alleged that this stockbroker engaged in excessive trading in stocks, resulting in losses in the account during the time that Thiele was associated with FSC Securities Corporation. FINRA Arbitration No. 23-01019 (April 21, 2023).
On October 12, 2023, a different customer filed an investment related FINRA securities arbitration claim involving Thiele’s conduct in which the customer requested $200,000.00 in damages based upon alleged unsuitable recommendations in a variable annuity and private placements during the period that Thiele was associated with FSC Securities Corporation. FINRA Arbitration No. 23-03315.
Thiele has been registered with OSAIC Wealth Inc. in Bend, Oregon since November 3, 2023. Previously, Thiele was registered with FSC Securities Corporation in Bend, Oregon from August 12, 2016, to November 3, 2023.
