Securities Arbitration Investment Fraud Lawyers » Misappropriation of Funds » Investors File FINRA Securities Arbitration Claim Against Independent Financial Group

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Theodore Hendrickus Franse (also known as Ted Franse), of Fair Oaks, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $9,500.00 in damages based upon accusations that they were sold unsuitable REITs by Franse when he was registered with Independent Financial Group, resulting in losses to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00831 (April 29, 2021).

Franse has been identified in four additional customer initiated investment related disputes containing allegations of his misconduct during the time that he was employed by securities broker dealers, including First Allied Securities, Independent Financial Group, and SunAmerica Securities Inc. FINRA Public Disclosure shows that a customer filed an investment related complaint concerning Franse’s activities where the customer requested compensatory damages founded on accusations of Franse’s unauthorized trading and failure to follow instructions during the time that he was employed by SunAmerica Securities.

Franse is referenced in a customer initiated investment related written complaint in which the customer sought compensatory damages supported by allegations of unsuitable trading of mutual funds by Franse while he was associated with SunAmerica Securities.

On September 11, 2017, another customer initiated investment related complaint regarding Franse’s conduct was settled for $7,000.00 in damages based upon accusations that an unauthorized stock trade was effected in the customer’s Independent Financial Group account.

Franse is also the subject of a customer initiated investment related written complaint which was settled on August 9, 2018, to resolve allegations of unsuitable REIT transactions when he was registered with Independent Financial Group and First Allied Securities. The claim also alleges misrepresentation on the REITs when purchased at First Allied Securities.

Franse was discharged by Independent Financial Group on April 10, 2017, founded on accusations of his violation of company policy relating to customer documents. He was employed by Sandlapper Securities LLC and Sandlapper Wealth Management between April 13, 2017, and July 6, 2017. Since August 24, 2017, Franse has been registered with NI Advisors as a stockbroker and investment adviser representative.