Gabriel Swan (CRD: 5821532) faces a pending customer claim that alleges $180,000 in damages, according to BrokerCheck. In it, the customer alleges Swan failed to stop him from withdrawing funds, and Swan denies any wrongdoing.
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.
Gabriel Swan (CRD: 5821532) faces a pending customer claim that alleges $180,000 in damages, according to BrokerCheck. In it, the customer alleges Swan failed to stop him from withdrawing funds, and Swan denies any wrongdoing.
A pending customer claim on the BrokerCheck report of John Ravsten (CRD: 5634077) alleges $118,000 in damages. The claimant alleges misrepresentation and says the investment did not suit the claimant's situation.
A pending $2,500,000 customer claim over DST investments appears on the BrokerCheck report of Wendy Kretschmer (CRD: 3111589). The claimants allege that WestPark recommended the investments, and the claim remains open.
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