Michael John Osland of Scottsdale Arizona a stockbroker currently registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related written complaint which was settled for $25,000.00 on August 9, 2021 based on allegations that Osland made misrepresentations to the customer in regard to a mutual fund that he sold in 2017 during the period that he was associated with Geneos Wealth Management. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01380 (Aug. 9, 2021).
FINRA Public Disclosure shows that Osland has been identified in two additional customer initiated investment related disputes containing accusations of his misconduct while he was employed by Geneos Wealth Management Inc. Osland is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages founded on allegations that between 2008 and 2017, Osland provided unsuitable recommendations to the customer as it pertained to their real estate security, oil and gas investment, mutual fund and variable annuity purchases. FINRA Arbitration No. 17-03196 (Apr. 30, 2019).
On February 16, 2021, another customer initiated investment related FINRA securities arbitration claim regarding Osland’s activities was settled for $40,000.00 in damages based upon accusations that a contract between the customer and the securities broker dealer had been breached and that mutual fund transactions were unsuitable. FINRA Arbitration No. 20-02239 (Feb. 16, 2021).
Osland has also been fined by North Dakota Office of the Securities Commissioner supported by allegations that Osland provided financial advice to two residents when he was not registered in North Dakota as an investment adviser representative.
Osland has been registered with Geneos Wealth Management as a stockbroker since December 1, 2008 and registered as an investment adviser representative since December 2, 2008.