There are options for clients of former Voya Financial Advisors, Inc. broker Peter Mersberger (CRD# 2372186) who suffered investment losses. Mersberger has been registered with Cambridge Investment Research, Inc. in Appleton, Wisconsin since 2017. Previously, Mersberger was registered with Voya Financial Advisors, Inc. from 2004 to 2017.
Mersberger has been the subject of four customer complaints between 2001 and 2021, one of which was denied, according to his CRD report. The most recent complaints are regarding:
January 2021. “Customer alleges that he was sold two unsuitable alternative investments in 2013 that were misrepresented for the sole purpose of earning commissions.” The customer is seeking $44,000 in damages and the case is currently pending. The complaint is regarding real estate securities and business development companies (BDCs) and the complaint took place while Mersberger was registered with Voya Financial Advisors, Inc.
March 2020. “Client alleges her investment was unsuitable for her and her husband. Client alleges she was never informed her investment was illiquid.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint is regarding real estate securities and the complaint took place while Mersberger was registered with Voya Financial Advisors, 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, Voya Financial Advisors, Inc. may be liable for investment or other losses suffered by Mersberger’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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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