Category Archives: Geneos Wealth Management

Alternative Investments, Failure to Supervise, Geneos Wealth Management, Limited Partnerships, Minnesota Department of Commerce, Misrepresentation, Reg D Offerings(private placements), REITs, Unsuitable Investments

Joseph Sterling-Geneos Wealth Management Broker-Subject of Customer Suits Over Real Estate Investments-Apple Valley, MN

October 2017-Apple Valley, MN

The FINRA records of  Joseph H. Sterling ,  a  stockbroker who has been registered with Geneos Wealth Management since 2005 disclose 2 pending customer disputes.

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.

The pending customer disputes both relate to the sale of real estate securities.

  • FINRA Case 17-1906- A customer of Geneos Wealth Management alleges that Sterling recommended unsuitable real estate investments in 2012 and 2013 and is seeking damages of $290,000.
  • FINRA Case 17-1685-A customer of Geneos Wealth Management alleges unsuitable recommendations by Sterling to invest in real estate securities and other direct investments, including limited partnerships. Damages of between $500,000 and $900,000 are sought.

Brokers are required to only recommend investments to clients that meet the client’s investment objectives and risk tolerance. Call for a no charge consultation to discuss your options.

If you have losses in an account in an account handled by Joseph H. Sterling , you may be able to recover damages through FINRA arbitration.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Geneos Wealth Management, Misrepresentation, Royal Alliance, Royal Alliance Associates, TICs Tenant In Common Investments-1031 Exchanges, Unsuitable Investments

Roger B. Deal-Former Royal Alliance Broker-Discloses $3.2M Customer Dispute over Real Estate Investment

July 2016- Columbus, Nebraska

The FINRA records of Roger B. Deal  , a stock broker currently employed by Geneos Wealth Management , disclose  a currently pending customer dispute .

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 a currently pending case CL14-7646, in the District Court of Douglas County Nebraska, a customer while Deal was employed by Royal Alliance Associates, alleges damages of $3.2 million in connection with an investment in a real estate tenant in common investment (TIC) that the former customer alleges was purchased based on misrepresentations and which is also unsuitable.

Deal has been employed by Geneos Wealth Management since 9/2014. Prior to that he was employed by Royal Alliance Associates from 6/2001-9/2014.

If you have losses in an account handled by Roger B. Deal, contact us 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Geneos Wealth Management, Limited Partnerships, StockBroker Misconduct, Unsuitable Investments

Andrew D. Tomlinson-Geneos Wealth Broker-Discloses $300,000 Customer Dispute

July 2016- Prescott, AZ

The FINRA records of Andrew D. Tomlinson III  , a stock broker currently employed by Geneos Wealth Management , disclose 3 prior final customer disputes and a currently pending customer dispute .

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 currently pending FINRA Case# 14-3735 a customer alleges damages of $300,000 related to the purchase of  unsuitable limited partnership investments in 2005 and 2007.

In FINRA Case 10-4792 a customer alleged damages of $1.5 million for misrepresentations and the unsuitable investment in DBSI. That matter was settled in 2011 for $603,063.

Tomlinson has been employed by Geneos Wealth Management since 10/2006.

If you have losses in an account handled by Andrew D. Tomlinson, III, contact us 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Annuities, Brokerage Firms, FINRA, FSC Securities Corporation, Geneos Wealth Management, Hedge Funds, Lincoln Financial Network, Misrepresentation, National Planning Corp., SagePoint Financial, Securities, Securities Regulators, Stockbroker Malpractice, StockBroker Misconduct, Sun Life Financial, Unsuitable Investments

Sun Life Annuities Can Be A Problem for Investors

Especially if the annuities subaccounts are investing in hedge funds.


FINRA recently investigated the following  firms in connection with  variable annuities( Foresee Strategies Insurance Funds and Sala Multi Series Fund) issued by Sun Life Financial, Inc. that contained sub-accounts with hedge fund investments:

  • Geneos Wealth Management
  • Lincoln Financial Network
  • National Planning Corp.
  • SagePoint Financial, Inc.
  • FSC Securities 

The strategy of the subaccount manager was to invest in options in the S&P 500, using both put and call options. This strategy is known as a strangle and counts on the hope that the market doesn’t move very hard up or down. In a period of high volatility, as happened in Septmeber 2008, this strategy does not work. In this case the subject annuities were nearly wiped out completely. 

There are lots and lots of annuities out there and investors need to be very wary when purchasing one. Variable annuities tend to be riskier because they are dependent upon the ups and downs of the stock market. Principal is not generally guaranteed in variable annuities so when the markets go down, the variable annuity will lose money. This may not be suitable for those on fixed incomes who are dependent upon their nest egg to survive and who cannot afford to lose capital.

If you have questions about your stock brokerage account, please give us a call. We have been helping investors recover stock market losses for 25 years.

Nationwide representation

Free consultation.

Rex Securities Law

561 391 1900

Brokerage Firms, Elder Financial Abuse, FINRA, Geneos Wealth Management, Marc Duda, Misrepresentation, Ponzi Schemes, Securities Regulators, StockBroker, Stockbroker Malpractice, StockBroker Misconduct, Unauthorized Trading, Unsuitable Investments

FINRA Bars Geneos Wealth Management Broker Marc Duda

Unsuspecting and trusting investors were unaware that the nest eggs they had entrusted their broker with were being used to for his personal expenses……. including his gambling debts.

While working as a registered broker for Geneos Wealth Management, Inc. from 2005-2011, former broker Marc Duda, age 37,  bilked  more than 10 investors , most of which were elderly retirees , out of millions, possibly as much as ten million. Duda told these unsuspecting victims that he was purchasing safe and secure investments while he was actually using their life savings as his personal piggy bank purchasing a plane, a boat, a car, a motorcycle and to make mortgage payments, pay child care expenses and even to fund gambling trips to Las Vegas.

He was able to continue the fraud using the time tested ponzi technique of paying off old investors with money raised from new  victims. He operated two outside businesses KAD Capital Group, LLC and Capistrano  Beach Funding Corporation, where some of the stolen money was directed.

Duda agreed to a permanent bar from association with any FINRA member.

That is the least of his concerns. He was sentenced to 78 months in prison and began serving his time on June 22, 2012. According to Federal Law, Duda will serve a minimum of 85% of his sentence.

Brokerage firms have a duty to supervise and oversee the activities of their brokers, however it appears that Duda’s firm was negligent in overseeing his activities, resulting in financial devastation for many retirees.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870