Rahn Lund Involved In RBC Capital Markets Clients’ Disputes

Soreide Law Group is investigating possible investor claims on behalf of those who incurred losses through securities broker Rahn Stuart Lund [CRD: 1462843, Rochester, Minnesota]. Evidently, Lund has worked for Stifel Nicolaus Company Incorporated since March 8, 2012. Continue reading to learn more about Rahn Lund's disclosures.

Stifel Nicolaus Investor Accused Lund Of Misrepresentation

Specifically, on February 21, 2023, a Stifel Nicolaus client filed a complaint about Rahn Lund. Supposedly, Lund omitted information regarding a variable annuity, on which the death benefit lapsed. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $319,000 in compensation from RBC Capital Markets LLC or Lund. However, this complaint was closed without further action taken by the investor.

Rahn Lund Disclosed Unsuitable And Unauthorized Trading Allegations By RBC Capital Markets LLC Client

Also, a client of RBC Capital Markets LLC contested Rahn Lund's sales practices, according to a complaint. Allegedly, Lund conducted unsuitable and unauthorized trading in her account from June 2011 through March 2012. It appears that Lund caused the client to sustain damages on structured products. Therefore, RBC Capital Markets LLC opted to settle the matter on December 31, 2012, by compensating the client in the amount of $10,000.

RBC Capital Markets LLC Investor Accused Lund Of Losses

Particularly, on June 28, 2012, an RBC Capital Markets LLC client filed a complaint about Rahn Lund. Evidently, the client, who asked for safe investments, alleged that Lund caused her to lose more than the client invested. However, this complaint was denied.

Did You Sustain Losses Because Of Securities Broker Rahn Lund?

Did you experience damages because of securities broker / financial advisor Rahn Lund? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Lund and the brokerage firms he worked for deny accusations of sales practice violations.