According to records provided by the Financial Industry Regulatory Authority (FINRA), Colorado-based brokerage and advisory firm Geneos Wealth Management has been sanctioned for its alleged failure to supervise its representatives disclosed outside business activities. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Geneos Wealth Management (CRD# 120894).
Formed in 2002, Geneos Wealth Management is headquartered in Denver, Colorado and registered in 52 US states and territories. Russell Diachok is Chief Executive Officer; Ryan Diachok is President; Raymond Olson is Chief Financial Officer; Jodee May Brubaker-Rager is Chief Compliance Officer; and Dean Rager is Senior Vice President and Chief Advisory Compliance Officer.
According to the firm’s BrokerCheck report, Geneos Wealth Management is the subject of three regulatory sanctions.
In October 2015 FINRA sanctioned Geneos Wealth Management following allegations it failed to supervise the disclosed outside business activities of representatives in a certain branch office who “participated in the execution of securities transactions, namely investments in the form of limited partnership interests.” According to FINRA’s complaint, Geneos Wealth Management failed to record these activities in its official books and records. Geneos Wealth Management was censured and issued a fine of $12,500.
In 2006 the National Association of Securities Dealers (NASD) sanctioned Geneos Wealth Management following allegations the firm employed an individual without obtaining her fingerprints and submitting them for processing; as such the firm did not determine that the individual was the subject of a criminal conviction. Geneos Wealth Management was censured and issued a fine of $15,000.
In 2006 NASD sanctioned Geneos Wealth Management following allegations, among others, the firm failed to establish a special reserve account for certain public customers, and failed to report TRACE-eligible securities in compliance with federal securities rules. Geneos Wealth Management was censured and issued a fine of $12,500.
If you have complaints regarding Geneos Wealth Management, call the securities and investment fraud law firm 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.