Were you the victim of investment losses due to recommendations by former Crown Capital Securities, L.P. broker Russell Fieger (CRD# 4122326)? He has been registered with Colorado Financial Service Corporation in Overland Park, Kansas, since 2024, and Cornerstone Securities LLC in Overland Park, Kansas, since 2006. He was registered with LPL Financial LLC in Overland Park, Kansas, from April to May 2024, Crown Capital Securities, L.P. in Overland Park, Kansas, from 2012 to 2024, and Blue River Capital LLC in Overland Park, Kansas, from 2015 to 2019.
In March 2014, the state of Kansas ordered him to pay $86,000 in restitution related to the purchase of ETF funds that were unsuitable, as well as breach of fiduciary duty.
Russell Fieger Customer Complaints
He has been the subject of two customer complaints between 2010 and 2024, according to his CRD report. The most recent complaint was regarding:
November 2024. “Customers allege breach of fiduciary duty, lack of suitability, impermissible overconcentration and misrepresentation & omission of material information related to the sale of an alternative investment in Direct Investment-DPP & LP Interests. Claim seeks $325,000.00 in damages and is currently under arbitration as of 10/03/2024. [REDACTED] is a client of Russell Fieger’s and did one oil and gas product on 02/04/2015 signed by [REDACTED] for $25,000.00. [REDACTED] lives in Kansas not Missouri. Russell Fieger has never met [REDACTED].” The customer is seeking $325,000 in damages, and the case is currently pending. The complaint was regarding oil and gas investment losses, and it took place while he was registered with Crown Capital Securities, L.P.
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, Crown Capital Securities, L.P. may be liable for investment or other losses suffered by Russell Fieger’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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