WARNING! Impending Investigation: LANCE ZIESEMER and FELTL & COMPANY
Lance Ziesemer and Feltl & Company
Have you lost money with financial advisor Lance Ziesemer of Wayzata, Minnesota? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Lance J. Ziesemer. FINRA alleged that Ziesemer made unsuitable recommendations for investors to switch investments in unit investment trusts (UITs). The switch caused unnecessary commissions and expenses for the investors. To settle these claims, Lance Ziesemer agreed to pay a $7,500 fine and agreed to be suspended from the securities industry from three months.
Lance Ziesemer was a financial advisor and registered representative of Feltl & Company from 2007 to February 2016. He worked at a branch office in Wayzata, Minnesota. Ziesemer has been the subject of at least five customer complaints, including some of which involve the sales of UITs. He has also been the subject of another securities regulatory investigation, as well as the subject of a substantial tax lien.
Brokerage firms like Feltl & Company have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Minnesota, Minneapolis, and the Twin Cities area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Ziesemer FINRA AWC
Click to view: Ziesemer BrokerCheck 5.16.16
If you lost money with Lance Ziesemer or Feltl & Company, please Contact Us at 720-599-3505 for a free evaluation of your case.