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How to Recover Losses Due to Investments with Geneos Wealth Management, Inc. Broker Steven Case

Posted on Wednesday, January 15th, 2020 at 4:31 pm    

Geneos Wealth Management

Were you the victim of Geneos Wealth Management, Inc. broker Steven Case (CRD# 1023227) who is alleged to recommend unsuitable investments? Case has been registered with Geneos Wealth Management, Inc. in Lancaster, Pennsylvania since 2008. Previously, Case was registered with FSC Securities Corporation in Lancaster, Pennsylvania from 1997 to 2008, when he was terminated regarding, “registered representative violated firm policy with respect to transactions in non-publicly traded REIT.”

Case has been the subject of five customer complaints between 2008 and 2018, one of which was denied, according to his CRD report. Recent complaints are regarding:

August 2018. “Customer alleges unsuitable recommendations, breach of fiduciary duty and failure to adequately disclose the risks in real estate investments and direct investments – DPP & LP interests purchased between March of 2008 and November of 2015.” The case was settled for $85,000. The complaint was regarding direct investment, oil and gas investments, and real estate securities.

December 2016. “Customer alleges unsuitable recommendations in real estate investments purchased between March of 2008 and February of 2009 and other causes of action.” The customer sought $49,426.39 in damages and the case was settled for $32,500. The complaint was regarding real estate securities.

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, FIRM may be liable for investment or other losses suffered by Case’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.