Theodore Henrickus Franse, of Fair Oaks, California, a stockbroker registered with Independent Financial Group, has been terminated from employment on April 10, 2017, based upon allegations that he utilized customer information in a manner which was prohibited by the firm’s policies.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Franse has been identified in three additional customer initiated investment related disputes containing allegations of his wrongdoing while employed with SunAmerica Securities, Inc. and Independent Financial Group LLC. Specifically, on February 17, 2003, a customer filed an investment related written complaint involving Franse’s conduct based upon allegations that he effected unauthorized trades in the customer’s account, and failed to abide by the customer’s instructions in reference to a variable annuity.
Subsequently, on February 10, 2004, a customer filed an investment related arbitration claim regarding Franse’s activities, in which the customer requested more than $5,000.00 in damages based upon allegations that he facilitated variable annuity and mutual fund transactions for the customer despite the products having been unsuitable for the customer.
Further, Franse has been named in a customer initiated investment related written complaint on May 5, 2017, where the customer requested $22,300.00 in damages based upon allegations that Franse effected a stock transaction in the customer’s account without the customer’s consent, causing the customer to sustain investment losses.
Since April 13, 2017, Franse has been associated with Sandlapper Securities, LLC.
Guiliano Law Group
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