Rodney David Potratz of Laguna Beach, California, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related complaint filed on November 12, 2023, in which the customer requested compensatory damages based upon allegations that Potratz made the unsuitable investment recommendation of closed-end interval funds and mutual funds during the period that Potratz was associated with Osaic Wealth Inc.
This is not the first time that Potratz has been referenced in a customer initiated investment related dispute concerning Potratz’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Potratz was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Potratz made unsuitable investment recommendations, and that the sales of certain direct investments (direct participation program interests and limited partnership interests), variable annuities, and mutual funds were unauthorized when Potratz was associated with AXA Advisors LLC and FSC Securities Corporation. FINRA Arbitration No. 12-02774 (August 9, 2012).
Potratz is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Potratz provided unsuitable advice to the customer about alternative investments during the time that Potratz was associated with FSC Securities Corporation. FINRA Arbitration No. 19-03409 (April 4, 2022).
Potratz was associated with FSC Securities Corporation in Clive, Iowa from October 24, 2003, to November 3, 2023. Potratz has been associated with Osaic Wealth Inc. in Laguna Beach, California, and Clive, Iowa, since November 3, 2023.
