Articles Tagged with Principal Securities

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Principal SecuritiesPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 31, 2018 indicate that Iowa-based brokerage and advisory firm Principal Securities has received several customer disputes and regulatory events. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Principal Securities (CRD# 1137).

Established in Iowa in 1968, Principal Securities is headquartered in Des Moines, Iowa and registered with 52 US states and territories. According to its BrokerCheck Report, the firm has received seven regulatory events and three customer complaints that evolved into arbitration.

In October 2017 FINRA sanctioned Principal Securities in connection to allegations that its “system for supervising additions to existing variable annuities” was not adequately designed to ensure compliance for at least a period of three years. FINRA’s findings stated that the system failed to comply with rules governing suitability of investment recommendations, “a problem that affected more than 4,000 transactions.” The firm was censured and issued a fine of $250,000.

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John KrohnPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 12, 2017 indicate that former Iowa-based Principal Securities broker/adviser John Krohn has received a pending customer dispute and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hodges (CRD# 2722975).

John Krohn has spent 20 years in the securities industry and was most recently registered with Principal Securities in West Des Moines, Iowa (1996-2017). He has no previous registrations. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 29, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 1, 1996; Series 7 (General Securities Representative Examination), which he obtained on March 20, 2009; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on March 25, 1996. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one pending customer complaint and one denied customer complaint.

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 Principal Securities

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 9, 2017 indicate that Iowa-based broker-dealer Principal Securities has been sanctioned over alleged supervisory failures. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Principal Securities (CRD# 1137).

Established in Iowa in 1968, Principal Securities is headquartered in Des Moines, Iowa and registered with 52 US states and territories. Kara Hoogenson is President and Chief Executive Officer; Scott Christensen is Chief Financial Officer; Jennifer Litchfield is Chief Compliance Officer.

According to the firm’s BrokerCheck report, Principal Securities has been the subject of six regulatory events and three customer complaints that evolved into arbitration.

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Steven BohnPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 13, 2017 indicate that former California-based Principal Securities broker Steven Bohn has been terminated from his former employer and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Bohn (CRD# 4540037).

Steven Bohn has spent thirteen years in the securities industry and was most recently registered with Principal Securities in Bakersfield, California (2004-2016). He was previously registered with Edward Jones in St. Louis, Missouri (2002-2003). He is currently not registered with any state or firm.

According to his BrokerCheck report, Steven Bohn was terminated from his most recent employer in connection to alleged rule violations.