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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com