The Financial Industry Regulatory Authority (FINRA) provides important information in regard to securities broker Sheldon Robert Bender “Shelly Bender” (CRD#: 1325415, Deerfield, Illinois). Evidently, Bender worked for Securian Financial Services (1988 to 2017). Here is a summary of the disclosures involving allegations of breach of fiduciary duty and unsuitability and what you could do if you experienced damages from sales practice violations.
Particularly, in November 2020, a client objected to Sheldon Bender and Securian Financial Services. Alleged improper sales practices include unsuitable recommendations regarding how to handle the client’s policy. Notably, Bender allegedly caused the client to experience $15,000 in damages as a result of his actions relating to insurance. Although, following a review of the client’s allegations, the securities firm opted to deny the client’s claim on January 13, 2021.
Evidently, a Securian Financial Services client decided to lodge a dispute about Sheldon Bender’s and the securities firm’s sales practices. Apparently, the securities firm or broker is accused of breach of contract, negligence, and breach of fiduciary duty. It appears that the securities firm or Bender caused the client to incur $1,000,000 in damages. However, the client withdrew their complaint.
Did you realize losses because of securities broker Sheldon Bender? You should contact Soreide Law Group at (888) 760-6552 and speak with a helpful securities attorney about possibly recovering your losses. Soreide Law Group handles investor dispute cases on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of US investors that have sustained losses from financial advisors or securities brokers. Please note that Bender denies all accusations of sales practice violations.
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