Richard Mark Braverman (also known as Rich Braverman) of Lancaster Pennsylvania a stockbroker and investment adviser representative of Geneos Wealth Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based on accusations that Braverman gave unsuitable advice concerning direct investments including direct participation programs and limited partnerships during the period that he was associated with Geneos Wealth Management. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00513 (February 25, 2021).
This is not the first time that Braverman has been accused of sales practice violations by a customer of a securities broker dealer. FINRA Public Disclosure also shows that a customer initiated investment related FINRA securities arbitration claim involving Braverman’s activities was resolved for $90,000.00 in damages supported by allegations that Braverman breached a fiduciary duty regarding LPs and DPPs. FINRA Arbitration No. 20-01803 (December 3, 2020). The claim alleges that the customer received unsuitable investment recommendations concerning the alternative investments.
Since October 1, 2008, Braverman has been a stockbroker and investment adviser representative of Geneos Wealth Management.