DID CHRISTOPHER ROBERT WEEKS CAUSE YOU INVESTMENT LOSSES?
About Christopher Weeks of Creative Planning?
Christopher Weeks (CRD #5463406) , located in Leawood, Kansas, has over 15 years of experience in the financial industry, having worked for three major firms: Northwestern Mutual Investment Services, American Century Investment Services, and Creative Planning, LLC. He has passed five industry exams, including two principal/supervisory exams, qualifying him for roles in financial planning and supervisory capacities. His employment history reflects a strong focus on wealth management and client advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Christopher Weeks Customer Complaints and Reviews
Christopher Robert Weeks has one reported disclosure event involving a pending customer dispute:
- Nature of Allegations: The claimant alleges breach of fiduciary duty, negligence, and violations of the Kansas Securities Act related to options trading conducted from June 2018 to June 2023.
- Damages Sought: The claimant is seeking $800,000 in damages.
- Status: The case is currently pending arbitration with the American Arbitration Association, docketed under case #01-24-000-0878.
Allegations Against Christopher Weeks
The pending arbitration case includes significant allegations that warrant attention:
- Fiduciary Responsibility: The claim raises concerns over alleged negligence and fiduciary breaches, critical aspects of professional accountability in financial advising.
- Time Period: The allegations span five years, indicating potentially systemic issues or prolonged disputes regarding trading practices.
Christopher Weeks Employment History and Licenses
- Employment History:
- Creative Planning, LLC: Investment Advisor Representative (2015–present).
- Northwestern Mutual Investment Services: Registered Representative and Financial Advisor (2008–2013; 2014–2015).
- American Century Investment Services: Registered Representative (2013–2014).
- Examinations Passed:
- Principal/Supervisory Exams: Series 10 (General Securities Sales Supervisor – General Module) and Series 9 (Options Module).
- General Industry/Product Exams: Series 7 and the Securities Industry Essentials Examination.
- Multi-State Securities Law Exam: Series 66 (Uniform Combined State Law Examination).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary duty to act in the best interest of their clients, placing the client’s interests above their own. This includes providing full disclosure about nature, mechanics, and risks of any recommended investment strategies or activities. Advisors must ensure that clients understand the potential outcomes, costs, and risks associated with investments, enabling them to make informed decisions. The duty of care requires advisors to exercise skill, diligence, and prudence in managing client portfolios, ensuring that recommendations are suitable for each client’s specific financial goals, risk tolerance, and circumstances. This fiduciary responsibility is essential in maintaining trust and ensuring the advisor’s decisions prioritize the client’s needs.
Option Trading Can Be Extremely Risky
Option trading can be highly risky, particularly when it involves complex strategies or high leverage. Options give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a set period. While options can be used to hedge risks, they can also amplify losses, especially for inexperienced investors. Investment advisors who engage in options trading on behalf of clients must carefully consider the client’s risk tolerance and ensure they fully understand the potential outcomes.
More risky options strategies, such as naked calls or puts, involve selling options without holding the underlying asset. This exposes the investor to unlimited losses if the market moves unfavorably. For example, in a naked call strategy, an advisor sells a call option without owning the underlying stock. If the stock price rises significantly, the client could face substantial losses, as they would be obligated to buy the stock at a much higher price. Due to these risks, it’s crucial for advisors to fully explain the strategy and its potential consequences before engaging in such transactions.
Christopher Weeks Red Flags & Your Rights As An Investor
Of course, Christopher Weeks did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Christopher Weeks has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Christopher Weeks
If you have questions about about Creative Planning and/or Christopher Weeks and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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