Investors have come forward with complaints about securities broker Dirk Rabenold (CRD: 1407291, Williamsville, NY). Evidently, the securities broker, who worked for Next Financial Group Inc. and Prudential Securities, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. For more on these disclosures about Rabenold, see below; however, keep in mind that the securities broker denies all allegations of misconduct.
Evidently, on August 10, 2022, a Next Financial Group Inc. client filed FINRA Arbitration: 22-01805 about Dirk Rabenold. Namely, the client alleged that Rabenold failed to stop a fund transfer to a third party for a fraudulent investment. Because of this, the client allegedly sustained damages. Therefore, the client requested compensation from Next Financial Group Inc. or Rabenold. This arbitration is pending a resolution.
Also, a Prudential Securities client filed NASD Arbitration: 99-04143 about Dirk Rabenold. Namely, the client alleged that Rabenold made misrepresentations and made unsuitable recommendations. Because of this, the client allegedly sustained damages by investing in stocks. Therefore, on December 15, 2000, Prudential Securities settled this matter by paying the client $70,000 in damages.
Did you experience damages through Dirk Rabenold? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors throughout the United States, is ready to review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Rabenold and brokerage firms Rabenold worked for deny any and all allegations of sales practice violations.
Robert Averwater (CRD 5614514) is a Memphis, Tennessee broker. FINRA fined him $10,000, suspended him from association with any member firm in all capacities for four months, and required him to complete 10 hours of continuing education, according to an AWC issued August 18, 2026.
Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
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