Investors File Disputes About Securities Broker Brandon Rudolph (Chelsea Financial, WealthForge Securities)
Soreide Law Group gives you this update concerning securities broker and financial advisor Brandon Carl Rudolph (CRD#: 6379420, Las Vegas, Nevada). Evidently, Rudolph worked for WealthForge Securities LLC (2017) and Chelsea Financial Services (2014 to 2016). It appears that three investors disputed his sales practices. In addition, both FINRA and the State of Nevada barred Rudolph as securities broker. Here’s more on these disclosures.
Brandon Rudolph Accused Of Unsuitable Investment Recommendation
Specifically, in a complaint dated February 7, 2021, a WealthForge Securities client alleges that Brandon Rudolph provided unsuitable investment recommendations, breached his fiduciary duty, and violated California corporate securities law. Supposedly, the client sustained losses on a private placement and asked for $286,500 in damages as a result. This matter awaits a resolution.
Complaint Involving Rudolph Concerns Private Placements
Also, a client dispute levied against Brandon Rudolph dated February 3, 2021 concerns promissory notes. Supposedly, Rudolph engaged in securities transactions outside of Chelsea Financial Services. It seems that the client incurred a loss on the promissory note. To resolve this matter, Chelsea Financial Services opted to pay the client $30,000 on February 18, 2021.
Brandon Rudolph's Client Alleges Negligence, Breach Of Fiduciary Duty
Moreover, a WealthForge Securities client disputed Brandon Rudolph’s sales practices. Notably, the February 1, 2021 complaint alleges that Rudolph was negligent, recommended unsuitable investments, breached his fiduciary duty to the client, and violated securities laws. For this reason, the client asked for $748,294. Evidently, this matter awaits a resolution.
FINRA Bars Rudolph After Investigating Him
Notably, FINRA barred Brandon Rudolph as securities broker. Also, the regulator prohibited him from associating with FINRA-member firms. This disciplinary action resolves allegations brought against Rudolph of refusing to comply in an investigation.
Evidently, while Brandon Rudolph initially responded to the allegations, he later refused to provide FINRA with requested information. His non-cooperation meant that he violated FINRA rules. The effective date of Rudolph’s bar is May 9, 2018, and the duration is indefinite. It appears that the state of Nevada barred Rudolph on August 6, 2018 given FINRA’s disciplinary action.
Did You Sustain Damages By Investing Through Brandon Rudolph?
Did securities broker Brandon Rudolph cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered meaningful compensation for United States investors who incurred losses because of their financial advisors and securities brokers. Please note that Rudolph denies all allegations of his sales practice violations.
