Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 23, 2018 indicate that former Minnesota-based Oak Ridge Financial Services Group broker/adviser Frederick Olson was recently terminated from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Olson (CRD# 1425609).
Frederick Olson has spent 32 years in the securities industry and was most recently registered with The Oak Ridge Financial Services Group in Golden Valley, Minnesota (2015-2018). Previous registrations include Maxwell Simon in Minneapolis, Minnesota (2012-2015); Robert W. Baird & Company in Edina, Minnesota (1994–2012); John G. Kinnard & Company in Minneapolis, Minnesota (1989-1994); Piper Jaffray & Hopwood in Minneapolis, Minnesota (1987-1989); and Painewebber (1985-1987). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 8, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 21, 1985; Series 3 (National Commodity Futures Examination), which he obtained on January 17, 1986; and Series 7 (General Securities Representative Examination), which he obtained on November 16, 1985. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint and one denied customer complaint, and he was recently discharged from his former employer.
In May 2018 he was terminated from his position at The Oak Ridge Financial Services Group following allegations he breached his fiduciary duty, violated Minnesota rules and regulations, failed in his supervisory duties, acted negligently, misrepresented material facts and breached contract.
In April 2017 a customer alleged Frederick Olson, while employed at The Oak Ridge Financial Services Group, breached his fiduciary duty, violated Minnesota Department of Commerce rules and regulations, negligently misrepresented material facts, breached contract, and failed in his supervisory duties from 2013 until 2016. The complaint settled in May 2018 for $225,000.
In 2003 a customer alleged Frederick Olson, while employed at Robert W. Baird & Company, did not provide information regarding Mirant stock. The customer sought unspecified damages in the complaint, which was denied.
If you have complaints regarding Frederick Olson, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover 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.