October 2020- Montevideo, MN
According to publicly available records Robert Nordaune (CRD#2313216), a former stockbroker who last worked for Thrivent Investment, Inc., discloses a regulatory event and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In May 2020 in case #2019064773901 FINRA alleges that Nordaune signed a customer’s name on a membership application that his member firm required for the transfer of ownership of a variable annuity without the customer’s knowledge and in violation of his firm’s policies, thus falsifying the document. The findings stated that the customer received a copy of the membership application and complained to Nordaune, who suggested that she had electronically signed the document but forgotten about it. The customer then complained to the firm, who terminated Nordaune. FINRA sanctions were a 30 day suspension and a $5,000 fine.
In November 2019, Thrivent Investment Management, Inc., terminated Nordaune from employment as a result of him violating firm policy by signing the name of a member on a membership application form.
Nordaune worked with Thrivent Financial for Lutherans, Thrivent Investment Management, and Thrivent Financial Bank from July 2002 until his termination in November 2019.
If you had an account with Robert Nordaune that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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