Brian Radoo Discloses Allegations Of Unsuitable Recommendations

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Brian Radoo [CRD#: 2558458, North Woodmere, NY], who worked for Next Financial Group. Additionally, the securities broker discloses a regulatory enforcement action. However, Radoo denies the allegations of sales practice violations. Read on to learn more about the allegations against Radoo.

Next Financial Group Investor Accuses Brian Radoo Of Unsuitable Recommendations

Evidently, on February 23, 2022, a Next Financial Group client filed FINRA Arbitration #: 22-00399 about Brian Radoo. Namely, the client alleged that Radoo made unsuitable recommendations. Because of this, the client sustained damages on REITs. Therefore, the client requested $76,000 in compensation from Next Financial Group or Radoo. Evidently, this arbitration is pending a resolution.

Radoo Discloses Failure To Supervise Allegations By Next Financial Group Client

Also, a client of Next Financial Group contested Brian Radoo’s sales practices by filing FINRA Arbitration #: 20-00993. Allegedly, Radoo failed to supervise. Supposedly, the investments which Radoo sold or recommended had caused the client to sustain damages. Therefore, Next Financial Group opted to settle the matter on March 26, 2020 by compensating the client in the amount of $137,500.

Chase Investment Services Corp. Investor Accuses Brian Radoo Of Misrepresentation

Evidently, on January 12, 2009, a Chase Investment Services Corp. client filed a complaint about Brian Radoo. Notably, the client alleged that Radoo made unsuitable recommendations and misrepresentations. Because of this, the client sustained damages on municipal bonds. Therefore, the client requested $220,000 in compensation from Chase Investment Services Corp. or Radoo. Evidently, this complaint was denied.

Radoo Discloses Failure To Follow Instructions Accusations By Chase Investment Services Corp. Client

Also, a client of Chase Investment Services Corp. contested Brian Radoo’s sales practices, according to a complaint dated October 28, 2008. Allegedly, Radoo failed to follow the client’s instructions. Supposedly, the investments which Radoo sold or recommended had caused the client to sustain damages. Therefore, the client asked for compensatory relief from Chase Investment Services Corp. or Radoo in the amount of $5,020.51. However, this complaint was denied.

Brian Radoo Discloses Unsuitable Trading Allegations By Chase Investment Services Corp. Client

Evidently, a client of Chase Investment Services Corp. contested Brian Radoo’s sales practices, according to a complaint. Allegedly, Radoo made unsuitable transactions. Supposedly, the UITs which Radoo sold or recommended had caused the client to sustain damages. Therefore, Chase Investment Services Corp. opted to settle the matter on August 19, 2008 by compensating the client in the amount of $15,981.36.

FINRA Sanctions Next Financial Group Securities Broker For Failure To Provide Information

Moreover, on December 18, 2020, FINRA issued Case #: 2019064942101 sanctioning Brian Radoo for infractions. Specifically, FINRA barred the securities broker. Notably, FINRA alleged that Radoo failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules.

Supposedly, on December 26, 2019, NEXT Financial Group Inc. filed a Uniform Termination Notice for Securities Regulation (Form U5) with FINRA stating that Radoo was terminated due to his involvement in unauthorized and unreported outside business activities. In connection with the allegations contained in the Form U5, FINRA began an investigation into Radoo.

On November 17, 2020, FINRA sent a request to Radoo for the production of documents and information. On December 4, 2020, Radoo emailed FINRA staff indicating that he had received FINRA’s request but would not produce the information or documents at any time. Radoo violated FINRA Rules 2010 and 8210 as a result.

Next Financial Group Disaffiliates With Securities Broker For Outside Business Activities

Evidently, Brian Radoo worked for Next Financial Group. However, Next Financial Group disaffiliated with Radoo. Namely, Next Financial Group alleged that Radoo engaged in an undisclosed outside business activity.

Chase Investment Services Corp. Securities Broker Brian Radoo Discharged

Also, Chase Investment Services Corp. disaffiliated with Radoo. Allegedly, Radoo falsified information about the location in which an annuity document had been executed.

Recent Employer Information

Brian Radoo worked for Union Capital Company in Tucson, AZ, as a securities broker from March 13, 2020 to May 18, 2020.

Damages Resulting From Next Financial Group Securities Broker Brian Radoo?

Have you sustained damages because of investing through Brian Radoo? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery your investment losses. Soreide Law Group, who has effectively recovered money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Radoo and brokerage firms Radoo was employed by deny any and all allegations sales practice violations.