Joseph Harold Sterling of Phoenix, Arizona, a stockbroker registered with Geneos Wealth Management, Inc., is the subject of a customer initiated investment related arbitration claim, wherein the customer requested $290,000.00 in damages based upon allegations that Sterling made unsuitable investment recommendations to the customer concerning real estate securities. FINRA Arbitration No. 17-01906 (July 19, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that a customer investment related arbitration claim involving Sterling’s conduct was resolved for $8,500.00 in damages, based upon allegations that Sterling, while associated with SunAmerica Securities, Inc., effected unsuitable transactions in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 07-00930 (Dec. 31, 2007). Apparently, Sterling traded the customer’s bond positions for mutual funds, causing the customer to be exposed to risks that exceeded her risk tolerance.
Subsequently, a customer filed an investment related arbitration claim pertaining to Sterling’s conduct, in which the customer sought $500,00.00 in damages supported by accusations that Sterling made unsuitable investment recommendations to the customer regarding direct investment products and real estate securities effect in the customer’s account. FINRA Arbitration No. 17-01685 (July 6, 2017).
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