Cetera Settles Customers’ Claims of Unsuitability And Omissions

Cetera Settles Customers’ Claims of Unsuitability And Omissions

Cetera Investment Services LLC (CRD#: 15340, Saint Cloud, Minnesota) is a brokerage firm regulated by Financial Industry Regulatory Authority (“FINRA”) who has reported, inter alia: eight regulatory events in regard to allegations of Cetera Investment Services’ violations of investment-related regulations or rules; and three FINRA arbitration awards against the firm for harming investors by way of the firm’s supervisory failures or sales practice violations. Additionally, several of Cetera Investment Services’ registered representatives, including Craig Allen Leppien, Eileen Rose Kanoski, and Heather Michelle Hennigh, have disclosed customer-initiated investment-related disputes that are pending a resolution or which have settled through customers’ being provided compensation.

April 24, 2018 Complaint Involving Craig Allen Leppien

Craig Allen Leppien (CRD#: 4394900, Traverse City, Michigan) is a past registered representative of Cetera Investment Services LLC. He worked at the firm from February 13, 2015 to June 4, 2018. Cetera Investment Services unveiled on Leppien’s FINRA BrokerCheck Report that a customer of his brought a complaint on April 24, 2018 in regard to Leppien’s alleged omissions. Specifically, the customer claimed that Leppien failed to disclose tax consequences for liquidating stock and corporate-debt investments from the customer’s brokerage account. Cetera Investment Services opted to settle the customer’s omissions allegations by paying the customer $37,500.00 on June 4, 2018. Leppien’s former employers include LPL Financial LLC and UVest Financial Services Group, Inc. On May 15, 2018, Leppien became a registered representative with Cambridge Investment Research, Inc. (Traverse City, Michigan).

September 19, 2017 Complaint Against Broker Eileen Rose Kanoski

 

Eileen Rose Kanoski (CRD#: 2574785, Mascoutah, Illinois) has been a Cetera Investment Services registered representative since January 22, 2015. She is located in the firm’s Mascoutah, Illinois and Clayton, Missouri offices. The FINRA BrokerCheck Report for Kanoski shows that a customer disputed Kanoski’s sales practices. Apparently, the customer filed a complaint with Cetera Investment Services on September 19, 2017. As stated in the complaint, Kanoski sold the customer market linked CDs that were unsuitable for the customer. On November 7, 2017, Cetera Investment Services agreed to settle the matter for $17,413.19 in damages. Kanoski’s past employers include Scotttrade, Inc. (December 2, 2003 to January 23, 2015) and A.G. Edwards & Sons, Inc. (April 24, 2001 to December 1, 2003).

January 29, 2018 Arbitration Involving Broker Heather Michelle Hennigh

 

Heather Michelle Hennigh (CRD#: 5670447, Katy, Texas) has been a registered representative with Cetera Investment Services LLC since July 24, 2017. She is located in the firm’s Katy, Texas and Nacogdoches, Texas offices. Hennigh disclosed on her FINRA BrokerCheck Report that several customers complained about her sales practices in the filing of FINRA Arbitration #18-00177. Supposedly, Hennigh failed to prevent the customers’ investment portfolios from collapsing. Apparently, Hennigh failed to mitigate the risks that the customers encountered while investing in corporate-debt investments. As a result, the customers have demanded $400,000.00 in damages. This arbitration is still awaiting a resolution. Before becoming employed at Cetera Investment Services, Hennigh worked at Raymond James Financial Services (December 5, 2016 to July 24, 2017) and Capital One Investing, LLC (January 2, 2015 to January 11, 2016).

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Investors who have incurred losses from Cetera Investment Services, LLC brokers Craig Allen Leppien, Eileen Rose Kanoski, and Heather Michelle Hennigh can contact Soreide Law Group at (888) 760-6552 and consult with counsel regarding the possible recovery of investment losses. We represent clients nationwide against brokers and brokerage firms. You are only assessed a fee if we succeed in recovering for you.

2018-11-26T04:16:32+00:00November 26th, 2018|

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