Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 14, 2016 indicate that Wisconsin-based Fortune Financial broker/adviser Jeffrey Butler has received resolved or pending customer disputes. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Butler (CRD# 2319063).
Jeffrey Butler has spent 21 years in the securities industry and has been registered with Fortune Financial Services in Kewaskum, Wisconsin since July 2015. Previous registrations include Concorde Investment Services in Kewaskum, Wisconsin; Sterne Agee Financial Services in Kewaskum, Wisconsin; Cedar Creek Securities in Kewaskum, Wisconsin; UVest Financial Services Group in Kewaskum, Wisconsin; ING Financial Partners in Port Washington, Wisconsin; Locust Street Securities in Des Moines, Iowa; and Mony Securities in New York, New York. He is a registered broker and investment adviser in Wisconsin.
According to his BrokerCheck report, Jeffrey Butler has received one customer complaint and one pending customer complaint.
In August 2015, a customer alleged Jeffrey Butler, while employed at Concorde Investment Services, acted negligently, committed fraud, and made unsuitable investment recommendations. The customer is seeking $100,000 in damages in the pending complaint.
In 2008, a customer alleged Jeffrey Butler, while employed at UVest Financial Services, made unsuitable buy and sell recommendations with respect to mutual fund investments. The complaint settled for more than $5,800.
According to FINRA rules and federal securities law, investment professionals like Jeffrey Butler must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have complaints regarding Jeffrey Butler, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.