Written by The White Law Group• September 20, 2019• 7:16 pm• Blog, Current Investigations

Lance Ziesemer Broker Investigation

Financial Advisor Lance Ziesemer, Feltl & Co. in Wayzata, MN

Are you concerned about investments with Lance Ziesemer in Wayzata, MN? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public disclosures on FINRA’s website, the regulator reportedly barred Ziesemer from working in the securities industry after he failed to respond to FINRA’s request for information in its investigation.

According to her FINRA BrokerCheck report, Ziesemer was reportedly affiliated with Feltl & Co. in Wayzata, MN from May 2007 until February 2016. Ziesemer reportedly has 14 customer disputes listed on his broker report. Allegations include “unsuitable investments, unauthorized trading, excessive trading and fraudulently trying to conceal the losses,” among others.

In the most recent claim filed in August 2018, the causes of action related to Claimant’s allegation that Ziesemer “improperly exercised discretionary authority to purchase unsuitable investments concentrated in natural resources/energy, real estate, and financial services.”

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Ziesemer’s former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments or excessive trading, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Minnesota. Our attorneys have recovered millions of dollars from many brokerage firms in the past.