Brian Radoo Barred, Involved In Investor Disputes

FINRA Bars Securities Broker Brian Radoo, And Investors File Disputes About Him

The Financial Industry Regulatory Authority (FINRA) contains important regulatory sanctions and client disputes involving securities broker Brian Radoo (CRD#: 2558458, Tucson, Arizona). It appears on BrokerCheck that FINRA barred Radoo as a securities broker in December 2020. Six investors filed disputes alleging sales practice violations by him. Moreover, two of Radoo’s employers, including Next Financial Group (Radoo’s employer from 2008 to 2019), parted ways with him amid allegations of misconduct.

FINRA Bars Brian Radoo Over Alleged Misconduct During Investigation

Specifically, the financial industry watchdog issued an indefinite bar of Brian Radoo as a securities broker. This is to resolve allegations that he violated FINRA rules by not cooperating with an investigation. It appears that FINRA asked him to supply documents and information so that it could assess if he engaged in outside business activities. Notably, Next Financial Group alleged that he engaged in outside business activities, which was the basis of its termination of him as a securities broker in December 2019. Supposedly, Radoo told FINRA that he received its request and would not comply with the investigation. Instead, he accepted the sanctions of a bar, which means that he cannot be a securities broker with any FINRA-member firm (most major securities firms in the United States).

Next Financial Group Client Alleges Outside Business Activities Resulting In Damages

Specifically, a client of Next Financial Group brought a dispute about Brian Radoo in April 2020. Mainly, this FINRA Arbitration Claim alleges that the broker got the client involved in an outside business activity that concerned a cannabis cultivation company. Supposedly, Next Financial Group failed to supervise Radoo’s actions, resulting in damages to the client. For this reason, the securities firm opted to settle with the client by paying them $137,500 in May 2021.

Brian Radoo Accused Of Unsuitable Investment Recommendation

It appears that a Chase Investment Services Corp client contested Brian Radoo’s sales practices. Notably, the client claims that the broker provided an unsuitable recommendation regarding an auction rate security. Not only that, but Radoo allegedly misrepresented the liquidity of that product. For this reason, the client asked for compensation. However, Chase Investment Services Corp denied their complaint.

Radoo’s Chase Investment Services Corp Client Alleges Unsuitable UIT

In addition, a client of Chase Investment Services Corp took aim at Brian Radoo’s unit investment trust sale. In the complaint, the client argues that Radoo made an unsuitable sale of this product, resulting in damages to the client. Because of this, Chase Investment Services Corp paid $15,981.36 to the client to settle this matter.

Unauthorized Transaction Alleged In Chase Investment Corp Client’s Dispute About Brian Radoo

Moreover, a Chase Investment Services Corp client disputed Brian Radoo’s sale of a fixed annuity. Supposedly, the broker’s annuity sale was unsuitable for the client. In addition, the client claimed that Radoo executed an unauthorized transaction by making an additional investment into the same annuity. However, the securities firm denied this dispute.

Losses Through Radoo?

Did you suffer losses because of securities broker Brian Radoo? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful 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 substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Radoo denies all allegations of his sales practice violations.