Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Geneos Wealth Management Settles Arbitration Claim Alleging Unsuitable Recommendations

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Joseph Harold Sterling of Apple Valley, Minnesota, a stockbroker registered with Geneos Wealth Management Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Sterling made unsuitable recommendations of oil and gas investments during the time that Sterling was associated with Geneos Wealth Management Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00867 (April 3, 2020).

FINRA Public Disclosure shows that Sterling is referenced in three other customer initiated investment related disputes concerning Sterling’s conduct while associated with securities broker dealers, including SunAmerica Securities Inc. and Geneos Wealth Management Inc. On December 21, 2007, a FINRA securities arbitration claim involving Sterling’s conduct was settled for $8,500.00 in damages based upon allegations that Sterling made unsuitable recommendations of mutual funds when Sterling was associated with SunAmerica Securities Inc. FINRA Arbitration No. NASD 07-00930.

On March 23, 2018, a FINRA securities arbitration claim involving Sterling’s conduct was settled for $172,000.00 in damages based upon alleged unsuitable recommendations of direct investments and real estate securities when Sterling was associated with Geneos Wealth Management Inc. FINRA Arbitration No. 17-01685.

Sterling was also referenced in a FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Sterling made unsuitable recommendations of real estate securities to the Geneos Wealth Management Inc. customer. FINRA Arbitration No. 17-01906 (May 21, 2018).

Sterling was associated with Geneos Wealth Management Inc. in Apple Valley, MN, as a stockbroker from January of 2005 to April of 2020.