H. Beck, Inc. Brokers Report Alleged Misconduct Affecting Customers

H. Beck, Inc. (Rockville, Maryland) is an investment advisor registered with the Securities and Exchange Commission (SEC#: 31165) and brokerage firm regulated by Financial Industry Regulatory Authority (“FINRA”) (CRD#: 1763). As of January 2019, the firm has disclosed 18 regulatory events. Namely, those events concern a regulatory authority taking action against H. Beck. for alleged violations of investment related regulations or rules.
Additionally, H. Beck, Inc. reported customer-initiated, investment-related arbitration awards against the firm. In fact, customers have been provided monetary compensation because the firm or its brokers engaged in sales practice violations including misrepresentation, suitability, negligence, breach of fiduciary duty and breach of contract. Moreover, many H. Beck customers have brought claims against the firm and its brokers that H. Beck, Inc. settled. Further, the firm has terminated its brokers on occasion for misconduct in the securities industry. For example, take a look at the disclosures concerning H. Beck, Inc. broker Frank Betsch:

April 27, 2017 Complaint Involving Frank Betsch

Frank Michael Betsch (CRD#: 708159, Flourtown, Pennsylvania) is currently employed at H. Beck, Inc. as a securities representative. Principally, Frank Betsch reported on his FINRA BrokerCheck profile that a customer filed a complaint about his sales practices on April 27, 2017. Allegedly, Frank Betsch made bad investment recommendations from May 2014 to March 2016 concerning non-traded real estate investment and closed-end funds investments. Specifically, the customer indicated that the illiquidity and risks of those products made them incompatible with the customer’s liquidity needs and investment objectives. In addition, but the customer claimed that Frank Betsch misrepresented the risk factors of investing in non-traded REITS and closed-end funds. Because of this, the customer requested compensatory damages. While it may be true, Frank Betsch denies the customer’s allegations of unsuitability and misrepresentation. As a result, the claim is unresolved. Frank Betsch has been an H. Beck, Inc. broker since November 18, 2013.

If you have experienced losses by investing with H. Beck, Inc. broker Frank Betsch contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represent clients on a contingency fee basis and advance all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.