Richard Belz At Center Of RF Lafferty Investors’ Unsuitable Advice Arbitration Claims

Investors reportedly complained about securities broker Richard John Belz [CRD: 1140219, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Belz joined RF Lafferty Co. Inc. on November 29, 2016, and continues to work with the firm at its Wall Street office. Read below to know more about the pending disputes involving Belz and the alleged investment-related misconduct.

RF Lafferty Investor Accused Belz Of Unsuitable Recommendations

Notably, on March 10, 2025, an RF Lafferty Co. Inc. client filed FINRA Arbitration No. 25-00488 about Richard Belz. Supposedly, Belz made unsuitable recommendations. For this reason, the client allegedly sustained damages linked to corporate bonds, stocks, and options. Consequently, the client requested $340,000.00 in compensation from RF Lafferty or Belz. Evidently, this arbitration is pending a resolution.

Richard Belz Faced Omissions Allegations By RF Lafferty Client

In addition, a client of RF Lafferty Co. Inc. contested Richard Belz’s sales practices in FINRA Arbitration No. 24-01990 on September 16, 2024. Allegedly, Belz gave unsuitable advice and failed to disclose transactions. It appears that Belz caused the client to sustain damages linked to corporate bonds, options, and stocks. Therefore, the client seeks compensation from RF Lafferty or Belz in the amount of $30,000.00 in this ongoing matter.

RF Lafferty Investor Accused Belz Of Breach Of Fiduciary Duty

Specifically, on September 16, 2024, an RF Lafferty Co. Inc. client filed FINRA Arbitration No. 24-01992 about Richard Belz. Mainly, the client alleged that Belz made unsuitable recommendations, breached his fiduciary duty, and made misrepresentations. Because of this, the client allegedly incurred damages through trading in stocks and options. Consequently, the client requested $100,000 in compensation from RF Lafferty Co. Inc. or Belz. Evidently, this arbitration is ongoing.

Richard Belz Disclosed Failure To Execute Allegation By RF Lafferty Client

Additionally, a client of RF Lafferty Co. Inc. took aim at Richard Belz’s sales practices by filing a complaint. Allegedly, Belz failed to execute the sale of an illiquid bond position. It appears that Belz caused the client to sustain damages. Therefore, RF Lafferty Co. Inc. opted to settle the matter on April 21, 2022, by paying the investor $95,000.

RF Lafferty Investor Accused Belz Of Misrepresentation

Also, an RF Lafferty Co. Inc. client filed FINRA Arbitration No. 22-01394 about Richard Belz. Supposedly, Belz made unsuitable recommendations and made misrepresentations about direct investments. Consequently, on August 3, 2022, RF Lafferty Co. Inc. settled this matter by paying the client $40,000.00 in damages.

Richard Belz Disclosed Poor Performance Allegations By Newport Coast Securities Client

Evidently, a client of Newport Coast Securities contested Richard Belz’s sales practices, according to a complaint. Allegedly, Belz recommended investments which performed poorly. It appears that Belz caused the client to sustain damages connected to over-the-counter equities and stocks. Therefore, Newport Coast Securities opted to settle the matter on January 15, 2013, by paying the client $5,000.00.

Have You Made Investments Through Securities Broker Belz?

Did you suffer losses because of Richard Belz? You can get in touch with Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney concerning a potential recovery. Soreide Law Group is experienced at recovering losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances the costs. Belz and brokerage firms Belz worked for deny accusations of sales practice violations.