Peter Reinecke Involved In Saxony Securities Clients’ Suitability Complaints

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Peter Frederick Reinecke [CRD: 2085940, Saint Louis, Missouri], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Peter Reinecke worked for Saxony Securities Inc. from September 10, 2012, to December 31, 2022. The following information concerns the securities broker’s disclosures.

Saxony Securities Investor Accused Reinecke Of Unsuitable Recommendations

Evidently, on January 4, 2024, a Saxony Securities client filed FINRA Arbitration No. 23-03646 about Peter Reinecke. Mainly, the client alleged that Reinecke sold unsuitable placements and was negligent. As a result, the client requested $13,000,000 in compensation from Saxony Securities or Reinecke. Evidently, this arbitration is pending a resolution.

Peter Reinecke Disclosed Unsuitable Trading Allegations By Saxony Securities Client

Particularly, a client of Saxony Securities contested Peter Reinecke’s sales practices by filing FINRA Arbitration No. 22-00613. Allegedly, Reinecke engaged in unsuitable trading. It appears that Reinecke caused the client to sustain damages on private securities. For this reason, Saxony Securities opted to settle the matter on April 9, 2024, by compensating the client in the amount of $900,000.

Did You Sustain Losses Because Of Reinecke?

Suffer losses because of Peter Reinecke? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has obtained recoveries for many investors throughout the United States, works on a contingency fee basis, and advances all costs. Reinecke and brokerage firms Reinecke worked for deny accusations of sales practice violations.