Category Archives: Geneos Wealth Management

Alternative Investments, Geneos Wealth Management, InvestaCorp Inc, Next Financial Group, Stockbroker Malpractice, Unsuitable Investments

Frank Richardson-Investacorp & Post Oak Capital Group-Subject of $500K Customer Suit Over REITs-Houston, Texas

December 2018-Houston, TX

According to publicly available records   William Franklin (“Frank”) Richardson, Jr.  , a  stockbroker who is currently registered with Investacorp Inc. disclose a  currently pending customer dispute involving investments in real estate investment trusts (REITs) and limited partnerships.

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 11/2018 a customer of Investacorp filed FINRA arbitration 18-03731 alleging that recommendations to purchase direct investments, limited partnerships and non-publicly traded real estate investment trusts (REITs) were unsuitable. The customer is seeking damages of $500,000.

Frank Richardson has been registered with Investacorp since 1/2012. His previous employment includes Geneos Wealth Management and NEXT Financial Group. Richardson discloses a business affiliation with Post Oak Capital Group in Houston, TX. 

In a prior customer dispute a customer of NEXT Financial alleged that Richardson was negligent in calculating required minimum distribution (RMD) which resulted in resetting of an annuity amount. That case was settled for $34,920. 

If you have losses in an account in an account handled by Frank Richardson , contact us for a no charge consultation to learn how 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

Failure to Supervise, Geneos Wealth Management, Misrepresentation, Stockbroker Discharged, Stockbroker Malpractice

Bradley Tennison-Discharged by Geneos Wealth Mgmt. After Customer Files Complaint-Mesa, AZ

May 2018-Mesa, AZ

The FINRA records of  Bradley J. Tennison ,  a  stockbroker who is not currently registered and who last was employed by  Geneos Wealth Management disclose a pending customer dispute , 2 prior customer disputes and 2  terminations 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 the pending dispute in 4/2018,  a customer of Geneos Wealth Management alleges that in 2016 Tennison recommended that she wire $300,000 to an investment called “The Joseph Project“, which she understood to be a 12 month investment with a 5% enhancement. The customer alleges that she has not received statements or the return of any principal.

In the same month the customer complaint was received, 4/2018, Geneos Wealth Management discharged Mr. Tennison. Geneos states that they have been unable to locate any record of said investment and that Tennison has been “minimally responsive” to requests for information. Tennison had worked for Geneos since 8/2005.

In 8/2005 Tennison was discharged by his prior employer, Oberlin Financial Corp. for violations of firm procedure related to annuity switching.

If you have losses in an account in an account handled by Bradley Tennison , call for a no charge consultation with an experienced securities attorney to learn how you may be able to recover damages.

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

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