Clients Of Independent Financial Group And First Allied Securities Allege Damages By Broker Theodore Franse

Soreide Law Group is examining investor complaints concerning securities broker Theodore Hendrickus Franse (CRD#: 1418012, Fair Oaks, California), as reported on FINRA BrokerCheck. It appears that the disclosures involving Franse concern his employment at securities firms Independent Financial Group (he worked as a financial advisor and securities broker from 2013 to 2017), First Allied Securities (his employer from 2006 to 2013), and SunAmerica Securities (his employer from 2000 to 2005). For more information on the allegations, read the following summary of disclosures as reported on BrokerCheck.

Independent Financial Group Client’s FINRA Arbitration Claim Alleges Overconcentration In Alternative Investments By Theodore Franse

Specifically, a client of Independent Financial Group brought a dispute listed on BrokerCheck dated March 31, 2021. Alleged sales practice violations include overconcentration and unsuitable trading resulting in losses. However, the broker denies the allegations of improper sales practices. Supposedly, Franse caused the client to incur damages relating to the client’s investments in REITs. Notably, the client demands $9,500 in damages to resolve this ongoing investment dispute with the securities firm.

Client Alleges Unsuitable REIT By Franse At Independent Financial Group And First Allied

Evidently, a client of Independent Financial Group and First Allied contested Theodore Franse’s sales practices by bringing an investment dispute on March 12, 2018, alleging unsuitable trading. Supposedly, the client realized damages because of investments in REITs Save . Therefore, to settle this matter without admitting liability, the securities firm compensated the client.

Theodore Franse Allegedly Engages In Unauthorized Trading Of Stock At Independent Financial Group

It appears that an Independent Financial Group client took issue with Theodore Franse’s actions, per an investment dispute on May 5, 2017. Mainly, the client makes allegations of unauthorized trading. Notably, Franse purportedly caused the client to face damages via his actions relating to common or preferred stock. For this reason, Independent Financial Group acquiesced to resolving this matter, with no admission of liability, by paying the client $7,000 in damages on September 28, 2017.

Independent Financial Group Discharges Franse For “Violations Of Firm Policy” Regarding “Client Documentation”

Evidently, the firm terminated Theodore Franse as a securities broker on April 10, 2017. Mainly, the securities firm accused Franse of violating policy in reference to client documentation.

Theodore Franse’s Client At SunAmerica Securities Alleges Unsuitable Mutual Fund

Particularly, a client objected to Franse’s actions as a securities broker when working for SunAmerica Securities, as the client brought an investment dispute. It appears that Franse or his employer allegedly caused damages to the client through their investments in mutual funds and variable annuities. Supposedly, Franse engaged in unsuitable trading. It seems that the securities firm denied this client’s allegation of inappropriate sales practices and denied their request for compensation.

Did You Sustain Damages Through Franse?

Did Theodore Franse cause you to experience losses? You should get in touch with Soreide Law Group at (888) 760-6552 and chat with a securities attorney about a potential recovery of your losses. Soreide Law Group handles investor dispute cases on a contingency fee basis. Also, we advance all costs. The firm has recovered compensation for many investors that incurred losses because of their financial advisors or securities brokers. Please note that Franse denies all accusations of sales practice violations.Lars Soreide AVVO 2020 Top Lawyer