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Written by 5:28 pm Securities Fraud Articles

Matthew Geiser Barred from Securities Industry

Andrew Todd Yocum

Concerned about Investment Losses with Matthew Geiser?

According to FINRA, Matthew Geiser (CRD #4203782, Grand Island, Nebraska) submitted an AWC in which he was barred from association with any FINRA member in any capacity.

Geiser allegedly refused to appear for FINRA on-the-record testimony in connection with an investigation into allegations of misconduct. FINRA alleged Geiser made unsuitable recommendations and misleading statements about variable annuities to several customers.

For FINRA’s full findings see FINRA Case #2015047322501.

According to FINRA BrokerCheck, Geiser was registered with Independent Financial Group in Grand Island, NE from 10/23/2015 – 03/03/2016. Prior to that, he worked for Princor Financial Services from 02/03/2009 – 10/12/2015. He was discharged from Princor in 2015 due to allegations of suitability recommendations. He has thirteen disclosures during his fourteen years of employment in the securities industry.  Geiser has eleven customer disputes listed on his Broker Report.

Recovery of Investment Losses

Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning, that violate securities laws and regulations.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. 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.

If you suffered losses investing with Matthew Geiser, the attorneys of The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, please call 888-637-5510.

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

For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.


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