Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 10, 2016 indicate that former Wisconsin-based Sagepoint Financial broker Gary Vanden Busch 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 hearing from investors who have complaints regarding Mr. Vanden Busch (CRD# 4230756).
Gary Vanden Busch has spent nine years in the securities industry and was most recently registered with Sagepoint Financial in La Crosse, Wisconsin (2005-2009). Previous registrations include SunAmerica Securities in Phoenix, Arizona (2003-2005) and Waddell & Reed in Overland Park, Kansas (2000-2003). He is currently not registered with any state or firm.
According to his BrokerCheck report, Gary Vanden Busch has been the subject of one customer complaint.
In 2010, a customer alleged that Gary Vanden Busch, while employed at Sagepoint Financial, acted negligently, breached his fiduciary duty, negligently misrepresented material facts, and violated the Oregon Securities Act in connection to the management of her retirement account. The complaint resulted in an award to the customer of more than $123,200.
According to FINRA rules and federal securities law, brokers like Gary Vanden Busch are beholden to a fiduciary duty that requires them to act only in the best interests of their clients. This means, for instance, that they can only recommend suitable investments that take into account the client’s investment goals, experience, and risk tolerance. Firms are not permitted to misrepresent or omit material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have lost money investing with Gary Vanden Busch, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be 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.