The Financial Industry Regulatory Authority (FINRA) reports client disputes involving securities broker Joseph Harold Sterling (CRD#: 1101378, Apple Valley, Minnesota). Three of those disputes concern Sterling's actions while he worked for Geneos Wealth Management Inc., and one of the disputes concerns Sterling's actions with SunAmerica Securities Inc. Let's take a closer look at the allegations against Sterling, bearing in mind that he denies all allegations against him.
Evidently, a client of Geneos Wealth Management disputed Joseph Sterling's sales practices, according to a FINRA Arbitration Claim the client filed in April 2019. Supposedly, Sterling provided an unsuitable recommendation concerning oil and gas investments and stocks between 2012-2015. Evidently, Geneos Wealth Management Inc. settled this matter by paying $80,000 to the client in April of 2020.
Notably, a client of Geneos Wealth Management Inc. complained about Joseph Sterling in August 2017. It appears that Sterling gave unsuitable advice to the client about 2012-2013 real estate security transactions. It seems that Geneos Wealth Management Inc. opted to resolve this matter by making a $125,000 payment to the client in May 2018.
Also, BrokerCheck indicates that a Geneos Wealth Management Inc. client brought an Arbitration Claim in July 2017 concerning Joseph Sterling. Supposedly, Sterling advised the client on direct investments (DPPs, LPs) and real estate securities. Evidently, the client received $172,000.00 from Geneos Wealth Management in March 2018 to resolve the allegations of unsuitable transactions.
The first investor dispute on Joseph Sterling's BrokerCheck record comes from a SunAmerica Securities Inc. client in 2006 who alleged unsuitability. Supposedly, Joseph Sterling inappropriately switched treasury bond holdings with mutual fund holdings in a UTMA account. This resulted in market losses, according to the client. For this reason, SunAmerica resolved the claim through an $8,500.00 payment to the client.
Did broker Joseph Sterling cause you to experience losses? You should call Soreide Law Group at (888) 760-6552 and talk with a helpful securities lawyer about a possible recovery of your losses. Soreide Law Group represents investor clients on a contingency fee basis and advances all costs. The firm has recovered meaningful compensation for investors in the US who incurred losses from their securities brokers or financial advisors. Please note that Sterling denies all accusations of sales practice violations.
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