Dirk David Rabenold (also known as Dirk David Raenold), of Williamsville, New York, a stockbroker registered with Next Financial Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim seeking damages resulting from the fraudulent conversion of customer funds by a third party. FINRA Arbitration No. 22-01805 (Aug. 10, 2022).
According to FINRA Public Disclosure: “the customer directed a $450,000 wire transfer from the customer’s investment account to the customer’s personal bank account. The customer subsequently became a victim of a fraudulent telephone scam where the customer transferred the funds from the customer’s bank account to a third party in a fraudulent investment. The customer now alleges that she did not understand what she was doing at the time and the registered representative should not have honored the customer’s directive to transfer funds from the customer’s investment account to the customer’s personal bank account.”
This is not the first time that Rabenold has been referenced in a customer initiated investment related dispute concerning Rabenold’s conduct in the securities industry. FINRA Public Disclosure shows that Rabenold is also referenced in a customer initiated investment related complaint that was settled on November 5, 1999 to resolve allegations that Rabenold made misrepresentations and made unsuitable recommendations in connection with the sale of common stocks and preferred stocks when Rabenold was associated with Prudential Securities Incorporated.
Rabenold has been associated with Next Financial Group Inc. in Williamsville, NY, as a stockbroker since August 20, 2007, and as an investment advisor representative since April 19, 2011. He has been associated with Rabenold Advisors Inc. in Williamsville, NY, as an investment advisor representative since May 24, 2022.
