Investors have voiced complaints about securities broker Kurt Russell Baldry (CRD: 1568930, Otsego, Minnesota). Notably, the securities broker, who worked for Ausdal Financial Partners Inc., disclosed client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Namely, Ausdal Financial Partners Inc. clients allege that Baldry made unsuitable recommendations. For more on these disclosures about Baldry, see below.
Evidently, on August 8, 2022, an Ausdal Financial Partners Inc. client filed FINRA Arbitration: 22-01738 about Kurt Baldry. Namely, the client alleged that Baldry gave unsuitable advice. Because of this, the client allegedly sustained damages on direct investments (limited partnership interests and direct participation program interests) and oil and gas investments. Therefore, the client requested $200,000 in compensation from Ausdal Financial Partners Inc. or Baldry. Evidently, this arbitration is pending a resolution.
Also, a client of Ausdal Financial Partners Inc. contested Kurt Baldry’s sales practices by filing FINRA Arbitration: 20-04166. Allegedly, Baldry made unsuitable recommendations and failed to perform due diligence. It appears that Baldry possibly caused the client to sustain damages on direct investments (limited partnership interests and direct participation program interests) and real estate securities. Therefore, Ausdal Financial Partners Inc. opted to settle the matter on April 26, 2022, by compensating the client in the amount of $45,000.
Particularly, on April 7, 2022, a Ausdal Financial Partners Inc. client filed FINRA Arbitration: 22-00690 about Kurt Baldry. Namely, the client alleged that Baldry provided unsuitable advice, was negligently supervised, and breached a fiduciary duty. Because of this, the client allegedly sustained damages on limited partnership interests. Therefore, the client requested $980,000 in compensation from Ausdal Financial Partners Inc. or Baldry. Evidently, this arbitration is pending a resolution.
Did you suffer damages due to the actions of Kurt Baldry? If you have, then reach out to Soreide Law Group at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Baldry and brokerage firms Baldry worked for deny all allegations of sales practice violations.
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