Investors potentially experienced losses because of securities broker Rodney David Potratz [CRD: 2367896, Clive, Iowa], according to disclosures on FINRA BrokerCheck. According to the regulator, Potratz has worked for Osaic Wealth Inc. since November 3, 2023. Before that, he worked for FSC Securities Corporation from October 7, 2003, to November 3, 2023.
Keep reading to learn more about Potratz’s disclosures.
Particularly, on November 12, 2023, an Osaic Wealth Inc. client filed a complaint about Rodney Potratz. The client alleged that Potratz made unsuitable recommendations concerning closed-end interval funds and other mutual fund investments, which were not in the client's best interest. Because of this, the client allegedly sustained damages. Therefore, the client requested $5,000 in compensation from Osaic Wealth Inc. However, the complaint was ultimately denied on December 21, 2023.
Specifically, an FSC Securities Corporation client filed FINRA Arbitration No. 19-03409 about Rodney Potratz. Supposedly, Potratz made unsuitable recommendations regarding direct investments. Because of this, the client allegedly sustained damages of $6,000,000. Therefore, on April 4, 2022, FSC Securities Corporation settled this matter by paying the client $125,000 in damages.
Also, an AXA Advisors LLC and FSC Securities Corporation client filed FINRA Arbitration No. 12-02774 about Rodney Potratz. Supposedly, over a period of years, Potratz made unsuitable recommendations regarding variable annuities, direct investments, and mutual funds, and that some investments were made without obtaining prior approval. Because of this, the client allegedly sustained damages of $413,000. Therefore, on December 3, 2013, FSC Securities Corporation settled this matter by paying the client $30,000 in damages.
Seeking more information about Rodney Potratz? If you incurred losses, contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, represents clients on a contingency fee basis, and advances all costs. Potratz and brokerage firms Potratz worked for deny any allegations of sales practice violations.
The private market, once the exclusive playground of institutional investors, has increasingly opened its doors to individual investors seeking a piece of the next unicorn. Funds like the Advanced Technology Select Funds - targeting high-profile private companies such as Flexport, Plaid, and Cybereason - are a prime example of this trend. While the prospect of […]
Soreide Law Group, PLLC At Soreide Law Group, we help investors, shareholders, and publicly traded companies navigate the complex federal rules governing the resale of restricted or control securities. Our attorneys understand that clearing restrictive legends and ensuring compliance with Rule 144 or other resale exemptions can be time-sensitive and critical to protecting shareholder rights. […]
FINRA barred securities broker Emma Marie McAuley [CRD: 7178199, Auburn, Washington], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, McAuley worked for Edward Jones from November 4, 2019, to March 19, 2024. Keep reading to learn more about McAuley’s disclosures. FINRA Sanctioned McAuley For Failure To Respond Notably, on January 21, 2025, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com