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Customers File Complaint against Brandt Wendland for ETFs

Brandt WendlandThe securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Minnesota-based Feltl & Company broker Brandt Wendland (CRD# 2629983).

Brandt Wendland has spent twenty years in the securities industry and has been registered with Feltl & Company in Minneapolis, Minnesota since 2004. Previous registrations include RBC Dain Rauscher in New York, New York (1998-2004); Dain Rauscher Incorporated (1997-1998); and John G. Kinnard & Company, Incorporated in Minneapolis, Minnesota (1995-1998). He is a registered broker in twenty US states and territories, including California, Florida, Maryland, Michigan, Minnesota, New Jersey, New York, Pennsylvania, Virginia, and Wisconsin.

According to his BrokerCheck report, Brandt Wendland is the subject of one pending customer complaint.

In 2014 a customer alleged Brandt Wendland, while employed at Feltl & Company, executed unauthorized trades in penny stocks and leveraged exchange traded funds, and made transactions on margin without authorization. The customer is seeking $300,000 in the pending complaint, which has evolved into arbitration.

According to FINRA rules and federal securities law, brokers like Brandt Wendland must comply with a standard known as suitability, which requires them to recommend only securities that are suitable for their investors. Financial advisors must consider such factors as the client’s investment experience, investment goals, net worth, age, risk tolerance, and more. They may not misrepresent or omit material facts pertaining to an investment, as this might cause a customer to invest in unsuitable products. Brokers, investment advisers, and firms who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

If you have suffered losses while investing with Brandt Wendland or Feltl & Company, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.