September 2018 – Brookfield, WI
According to publicly available records Joel Blumenschein (CRD#1372334) , a stockbroker who formerly was registered with Freedom Investors Corp. , disclose a Regulatory Event and a pending customer dispute which alleges churning.
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 April of 2012, Blumenschein agreed to a three month suspension and a $30,000 fine to resolve FINRA allegations that he mishandled a customer account.
In a pending dispute a customer of Freedom Investors alleges that Blumenschein churned and made unsuitable investments in their account from 2013-2016. A damage amount is not specified.
Blumenschein worked for Freedom Investors Corp. from 11/2002-8/2017. He is currently employed by KCD Financial.
If you have questions about an investment account handled by Joel R. Blumenschein, contact us for a no charge consultation to learn about your legal 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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