Erez Law is currently investigating Concorde Investment Services, Inc. broker Jeffrey Bangerter (CRD# 1687028) regarding direct investment losses. He has been registered with Concorde Investment Services, LLC in Roseville, California, since 2019, Concorde Asset Management, LLC in Roseville, California, since 2023, and Bangerter Financial Services, Inc. in Roseville, California, since 2014. He was registered with Berthel, Fisher & Company Financial Services, Inc. in Citrus Heights, California, from 2015 to 2019.
In September 2001, the National Association of Securities Dealers, Inc. sanctioned him to pay a $4,450 fine related to allegations that he “purchased or allowed to be purchased shares for his joint account at the public offering price.”
In December 2007, the Utah Insurance Department sanctioned him to pay a $250 fine related to his failure to disclosure “NASD action on non-resident insurance license agent application in 2002, on 2004 and 2006 renewal applications, and 2007 application to add variable line of authority to license.”
Jeffrey Bangerter Customer Complaints
He has been the subject of three customer complaints between 2024 and 2025, one of which was closed without action, according to his CRD report:
April 2025. “Client is claiming losses due to poor recommendation for investments made in 2019 and 2020.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding direct investment losses, and it took place while he was registered with Concorde Investment Services, Inc.
December 2024. “Client is alleging suitability and breach of fiduciary duty relating to investments made in 2024.” The case was settled for $85,000. The complaint was regarding direct investment losses, and it took place while he was registered with Concorde Investment Services, 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, Concorde Investment Services, Inc. may be liable for investment or other losses suffered by Jeffrey Bangerter’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.
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