Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 20, 2016 indicate that former California-based Financial West Group broker Jeffrey Gieseke is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Gieseke (CRD# 2331700), especially if these complaints related to investments in Vertical Fund private placements.
Jeffrey Gieseke has spent 17 years in the securities industry and was most recently registered with Financial West Group in Tarzana, California (1999-2012). Previous registrations include WM Financial Services in Irvine, California (1999); Gerwin Stinziano Securities in Thousand Oaks, California (1994-1997); and Travco Financial Group in Westlake Village, California (1993-1994). He is currently not registered with any state or firm.
According to his BrokerCheck report, Jeffrey Gieseke has received one customer complaint.
In 2002, a customer alleged Jeffrey Gieseke, while employed at Financial West Group, committed fraud and deceit, misrepresented and omitted material facts, acted negligently, made unsuitable investment recommendations, engaged in elder abuse, and breached his fiduciary duty. The complaint settled in 2003 for $18,000, to which Mr. Gieseke individually contributed $3,000.
Vertical Funds are a series of private placements that include Vertical Recovery Management, LLC, Vertical Mortgage Fund I, LLC, Vertical US Recovery Fund, LLC, and Vertical US Recovery Fund II, LLC. Vertical Funds may have been marketed to investors as intended to purchase real estate notes at a discount, from which they would later receive a profit from a sale. The funds entered an alternative to bankruptcy in September 2015, and their accounting company has been named in a complaint alleging the aiding and abetting of conversion of funds.
If you or someone you know has a complaint regarding Jeffrey Gieseke or Vertical Funds, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.