Fred Shlesinger, of Addison, Texas, a stockbroker registered with Principal Securities, Inc., is the subject of a customer initiated investment related written complaint on February 24, 2017, wherein the customer’s claim was based upon allegations that Shlesinger effected a rollover of the customer’s 401(k) into an annuity despite the transaction having been unsuitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Shlesinger has been identified in six additional customer initiated investment related disputes containing allegations of his misconduct while employed with Princor Financial Services Corp. Specifically, on April 7, 2009, a customer filed an investment related written complaint involving Shlesinger’s conduct, in which the customer requested more than $5,000.00 in damages based upon allegations that he failed to execute upon the customer’s instructions concerning the purchase of mutual funds.
Then, on May 20, 2009, a customer filed an investment related written complaint regarding Shlesinger’s activities, where the customer sought $17,000.00 in damages supported by allegations that Shlesinger made misrepresentations to the customer about a variable universal life insurance policy that the customer purchased from him.
Subsequently, on August 1, 2012, a customer initiated investment related written complaint regarding Shlesinger’s activities was resolved for $10,497.65 in damages based upon allegations that Shlesinger effected the unsuitable purchase of an annuity transaction involving the customer’s individual retirement account funds. Moreover, on January 22, 2016, a customer filed an investment related written complaint involving Shlesinger’s activities, based upon allegations that Shlesinger omitted information about the costs of investing and neglected to provide the customer with a prospectus.
Guiliano Law Group
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