Robert Mandau Discloses Allegations Of Outside Business Activities

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Robert Mandau (also known as Bob Mandau) (CRD: 3247517, Willoughby Hills, OH). Not only has FINRA sanctioned Mandau for outside business activities, but investors disputed the sales practices of the securities broker. However, Mandau denies the allegations. Read on to learn more about the allegations against Mandau.

FINRA Sanctions Robert Mandau For Outside Business Activities

Evidently, on January 13, 2021, FINRA issued Case: 2020066245201 sanctioning Robert Mandau for infractions. Specifically, Mandau received a $5,000 fine and suspension as a securities broker between January 2021 and April 2021. Namely, FINRA alleged that Mandau engaged in an undisclosed outside business activity involving tax prep services. Supposedly, Mandau failed to inform Thrivent Investment Management about this and made inaccurate statements to the firm about his activities in both an annual certification and when the firm investigated him.

Mandau Employment Information

• Mandau worked for Thrivent Investment Management Inc. in Willoughby Hills, OH, as a securities broker from July 2002 to April 2020.

Did Thrivent Investment Management Inc. Securities Broker Robert Mandau Cause You To Experience Damages?

Did you sustain damages by investing with Robert Mandau? If so, feel free to call Soreide Law Group at (888) 760-6552 and speak with a securities attorney about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the country, represents investors like you on a contingency fee basis and advances all costs. Mandau and brokerage firms Mandau worked for deny any and all allegations of sales practice violations.