Investors apparently complained about securities broker Rainer Rudi Hohlbein (also known as Rainer Rudi Hohlbeim) [CRD: 1282146, Verona, Wisconsin], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hohlbein worked for LPL Financial LLC from October 11, 2011, to October 13, 2021. See the following information to find out more about the disclosures involving this securities broker.
Notably, an LPL Financial LLC client filed FINRA Arbitration No. 24-00611 about Rainer Hohlbein. Mainly, the client alleged that Hohlbein made unsuitable recommendations concerning an investment that did not align with the client’s objectives and risk tolerance. Because of this, the investor allegedly sustained damages linked to real estate securities (REITs). As a result, on May 6, 2025 LPL Financial LLC settled this matter by paying the client $10,800 in damages.
Additionally, a client of LPL Financial LLC contested Hohlbein’s sales practices, according to a complaint. Allegedly, Hohlbein made omissions by not clearly explaining the process required to request a step-up benefit tied to a variable annuity during February 20, 2015, to February 21, 2015. It appears that Hohlbein allegedly caused the client to suffer damages associated with variable annuities. Therefore LPL Financial LLC opted to settle the matter on March 11, 2015, by compensating the client in the amount of $6,558.15.
Do you need clarification on any investment losses relating to Rainer Hohlbein? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Hohlbein and brokerage firms Hohlbein worked for deny any accusations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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