Brian M. Wurdemann (CRD#: 4206425) and RBC Capital Markets, LLC (“RBC Capital Markets”) continue to face scrutiny over investment recommendations that resulted in losses to investors. Allegations include misrepresentation and failure to adequately disclose risks. A currently pending customer dispute includes a requested damage amount of $1 million.
If you believe that you have suffered losses as a result of Mr. Wurdemann’s or RBC Capital Markets’ misrepresentation, negligence, unsuitable recommendations, or other wrongdoing, please contact Levin Law, P.A. for a free case evaluation. You may be entitled to compensation through a FINRA arbitration claim.
According to publicly available information through the Financial Industry Regulatory Authority (FINRA), registered broker and investment adviser Brian M. Wurdemann and the brokerage firms he has represented are the subjects of multiple customer disputes.
December 2004 – The earliest dispute dates back to 2004. Allegations from the customer include that Mr. Wurdemann acting as his financial advisor failed to properly advise him of risks and failed to minimize losses. The customer has requested damages exceeding $465,000.
December 2011 – A customer dispute was settled for $95,000. Allegations against Mr. Wurdemann and his brokerage firm included unsuitable investment recommendations and misrepresentation.
December 2013 – A customer dispute was settled for $125,000. The customer alleged that from 2011 to 2013, Mr. Wurdemann made unsuitable recommendations on behalf of a 77-year-old investor.
October 2018 – FINRA awarded a customer $175,000 in compensatory damages against UBS Financial Services. The customer alleged “breach of contract, breach of fiduciary duty, lack of supervision, fraudulent practices, negligent and intentional misrepresentation, fraud and negligence.”
August 2020 – A pending customer dispute alleges that from 2012 to 2018, Mr. Wurdemann “misrepresented the nature of three mutual fund investments.” The customer has requested damages in the amount of $1,000,000.
October 2020 – Customer allegations include that he was not adequately informed of the risk of a structured note. The dispute was settled for $14,000.
A brokerage firm may be held liable for their representatives’ misconduct, negligence, or intentional wrongdoing as well as for failure to supervise under FINRA Rule 3110. If you believe that you have suffered losses due to your stockbroker’s, financial advisor’s, or investment professional’s unsuitable recommendations, misrepresentations, or breach of fiduciary duty, you might be entitled to compensation through a FINRA arbitration against their brokerage firm.
Contact Levin Law managing partner Brian Levin at (305) 402-9050 or at firstname.lastname@example.org for a free case evaluation. We accept most cases on a contingency fee basis, meaning clients are not responsible for Levin Law’s attorney fees unless money is recovered on their behalf.
Levin Law is a premier national securities and class action law firm. Brian Levin, Levin Law’s founding attorney, has helped recover approximately $100,000,000 through securities and commodities and futures arbitration and litigation, for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.