Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly registered with Feltl Company has been fined $10,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that O’Brien engaged in unauthorized trading in a customer’s account. Letter of Acceptance Waiver and Consent…
Lance Jeffrey Ziesemer of Wayzata Minnesota a stockbroker formerly registered with Feltl Company is the subject of a customer initiated investment related arbitration claim where the customer was awarded $44,972.00 in compensatory damages based upon Feltl Company being found liable on the customer’s claims which included (1) fraud (2) breach of fiduciary duty (3) breach…
Bernard Thomas Weber of Minnetonka Minnesota a stockbroker formerly registered with Feltl Company is referenced in a customer initiated investment related written complaint which settled for $120,000.00 on November 21, 2017 based upon allegations that in connection with the customer’s purchase and holding of over-the-counter equities including penny stocks: (1) misrepresentations had been made by…
Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly employed by Feltl Company is the subject of a customer initiated investment related written complaint on December 24, 2018 in which the customer sought $10,000.00 in damages supported by allegations that the customer was inappropriately invested in over-the-counter equities because of those investments failing…
Timothy Luke Wynne of Minnetonka Minnesota a stockbroker currently employed by Feltl Company is referenced in a customer initiated investment related arbitration claim where the customer sought $441,306.00 in damages based upon accusations that between February of 2014 and June of 2016: (1) fiduciary duties owed to the customer had been breached (2) unauthorized stock…
Todd Roland Meier of Inver Grove Heights Minnesota a stockbroker employed by Feltl Company has been discharged by the firm on April 30, 2018 based upon allegations that Meier failed to abide by the procedures and policies of the company. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that a customer initiated investment related…
Feltl & Company, a broker-dealer headquartered in Minneapolis, Minnesota, has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm, inter alia, failed to supervise a registered representative’s trading activities. Letter of Acceptance, Waiver and Consent, No. 2010024882202 (Feb. 28, 2017). According to the AWC, between October…
Nicholas H. Shermeta, of Minneapolis, Minnesota, a stockbroker formerly registered with Northland Securities, Inc., has been permanently barred by the Securities and Exchange Commission (SEC) from working as an investment adviser or broker, or associating with any firm which provides investment advice or sells securities to the public, according to an Order Instituting Administrative And…
Brandt Bob Wendland, of Minneapolis, Minnesota, a stockbroker currently registered with Feltl & Company, has been subject to a customer initiated investment related arbitration claim on May 30, 2014, in which the customer requested $55,000.00 in damages. The customer’s claim was based upon allegations that Wendland effected unsuitable trades in penny stocks and leveraged exchanged…
Bernard T. Weber, of Minnetonka, Minnesota, a stockbroker with Feltl & Company, is subject to a pending customer dispute from November 24, 2015, in which the customer has requested $238,000.00 in damages after alleging that Weber failed to follow the customer’s investment instructions, made misrepresentations to the customer concerning investments, and churned the customer’s investment…
Shawn M. McIntyre, of Minneapolis, Minnesota, a stockbroker for Feltl & Company, has settled a customer dispute for $300,000.00 in damages after the customer alleged that McIntyre made misrepresentations to the customer, engaged in excessive trading, and failed to properly disclose to the customer the risks associated with investing in low priced penny stocks. On…
Lance J. Ziesemer, of Wayzata, Minnesota, a stockbroker for Feltl & Company, was fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he made unsuitable recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2013036524903 (May 12, 2016)….
Joel S. Bovee, of Wayzata, Minnesota, a stockbroker with Feltl & Company, was fined $5,000.00 and suspended for two months from association with any Financial Industry Regulatory Authority (FINRA) member in a principal capacity after consenting to findings that he had failed to supervise a stockbroker who engaged in unsuitable transactions. Letter of Acceptance, Waiver…