Suzanne Hagmeyer from Naperville, Illinois Suspended by FINRA
Have you lost money with financial advisor Suzanne Hagmeyer from Naperville, Illinois? We are currently investigating allegations made against Suzanne M. Hagmeyer, who previously worked with World Equity Group. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Ms. Hagmeyer, making allegations that she misstated fees associated with variable annuity exchanges to customers between June 2010 and July 2011.
Our attorneys have previously represented customers who lost money investing in variable annuities with Suzanne Hagmeyer. The claim filed by our attorney alleged that Hagmeyer made unsuitable variable annuity exchanges for a customer.
FINRA’s allegations are similar to those made previously by our attorneys. FINRA alleged that on 24 occasions, Suzanne Hagmeyer understated the surrender charges that customers incurred when withdrawing money from their variable annuities. To settle these allegations, Hagmeyer agreed to a one-month suspension and a $5,000 fine.
Suzanne Hagmeyer was a registered representative and financial advisor of World Equity Group from March 2009 to April 2012. She was also affiliated with Kingsbury Capital from January 2013 to December 2016. She worked at branch offices in Naperville and Evanston, Illinois. According to Hagmeyer’s BrokerCheck report, she has been the subject of at least four customer complaints, and she was also terminated by Elan Investment Services in 1995 concerning allegations about mutual fund switches.
Broker-dealers like World Equity Group have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, such as to refrain from excessively trading a customer’s account. When broker-dealers 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 Chicago; Denver, Colorado; Ann Arbor, Michigan; and the Seattle area. We represent investors in FINRA arbitration in all 50 states, including over 150 investors in the past from throughout the Chicagoland area, Northern Illinois, and Central Illinois.
We have an office in Chicago, Illinois to better service investors in Chicago and the surrounding suburbs. Attorney David Neuman was born in Berwyn, Illinois and grew up in the western suburbs in Addison. He earned a degree in Finance at the University of Illinois in Urbana-Champaign before earning his law degree at Northern Illinois University in DeKalb, Illinois. Mr. Neuman also previously worked for a number of Chicago area law firms, including firms in St. Charles, Geneva, Chicago, and Barrington. He also previously lived in the Ravenswood neighborhood on the north side of Chicago.
Click to view: Hagmeyer, Suzanne FINRA AWC
Click to view: Hagmeyer, Suzanne BrokerCheck 12.20.16
IF YOU LOST MONEY WITH SUZANNE HAGMEYER OR WORLD EQUITY GROUP, CONTACT ISRAELS & NEUMAN AT (720) 599-3505 FOR A FREE EVALUATION OF YOUR CASE.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.