Former The Oak Ridge Financial Services Group, Inc. Broker Eric Overig Suitability Concerns

The Oak Ridge Financial Services Group

The Oak Ridge Financial Services Group

Erez Law is currently investigating former The Oak Ridge Financial Services Group, Inc. broker Eric Overig (CRD# 1435223) regarding unsuitable investment recommendations. Eric Overig has been registered with Feltl & Company in Minnetonka, Minnesota since 2019. Previously, Eric Overig was registered with The Oak Ridge Financial Services Group, Inc. in Woodbury, Minnesota from 2018 to 2019 and with U.S. Bancorp Investments, Inc. in Forest Lake, Minnesota from 2012 to 2018.

Eric Overig Customer Complaints

Eric Overig has been the subject of two customer complaints between 2019 and 2021, according to his CRD report:

August 2021. “Customers Allege that representative implemented unsuitable investment strategies and engaged in unauthorized trades.” The customer is seeking $117,000 in damages and the case is currently pending. The complaint was regarding equity OTC and took place while Eric Overig was registered with U.S. Bancorp Investments, Inc.

May 2019. “Unauthorized trading, unsuitability and over-concentration during the period October 2018 to January 2019.” The customer sought $32,000 in damages and the case was settled for $7,500. The complaint was regarding equity OTC and took place while Eric Overig was registered with The Oak Ridge Financial Services Group, Inc.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, The Oak Ridge Financial Services Group, Inc. may be liable for investment or other losses suffered by Eric Overig’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.