DID ERIC GANELES CAUSE YOU INVESTMENT LOSSES?
About Eric Ganeles of Creative Planning?
Eric Ganeles (CRD #1256600) has over three decades of experience in the financial industry, having been affiliated with major firms such as Fidelity Brokerage Services and Thomson McKinnon Securities. He has held various roles, including Senior VP of Wealth Management, Investor Center Financial Representative, and Investment Adviser Representative. During his career, he has successfully passed multiple securities and supervisory exams, demonstrating a solid foundation in the financial services sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Eric Ganeles Customer Complaints and Reviews
Eric Ganeles has one reported disclosure event, which is related to employment separation. Below are the details:
- Employment Separation After Allegations
- Date: May 5, 2017
- Employer: Fidelity Investments
- Allegations: The incident involved a question about whether Mr. Ganeles took credit for a customer interaction resulting in compensation without directly engaging with the customer. No trades were involved, there was no financial loss to the customer, and no customer complaints were filed. The firm discovered and reversed the compensation credit internally.
- Termination Type: Voluntary Resignation
Allegations Against Eric Ganeles
Mr. Ganeles voluntarily resigned following an internal investigation at Fidelity Investments concerning an issue of credit allocation for customer interactions. The review did not involve allegations of fraud, trading misconduct, or customer harm.
Eric Ganeles Employment History
- Creative Planning, LLC (Investment Adviser Representative, May 2022 – Present)
- Ferris Capital, LLC (Senior VP Wealth Management, August 2017 – May 2022)
- Fidelity Brokerage Services LLC:
- Framingham, MA (November 2004 – May 2017)
- Smithfield, RI (March 1990 – November 2001)
- Thomson McKinnon Securities Inc. (New York, NY, April 1984 – August 1989)
Exams Passed:
- 1 Principal/Supervisory Exam
- 2 General Industry/Product Exams
- 3 Multi-State Securities Law Exams
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary duty to act in the best interests of their clients, ensuring full transparency regarding the mechanics, nature, and risks of investment strategies. This duty includes the obligation to provide unbiased advice, disclose potential conflicts of interest, and prioritize the client’s financial objectives. The duty of care emphasizes that advisors must thoroughly assess a client’s financial situation, risk tolerance, and goals to recommend suitable investment strategies. Maintaining high ethical standards and meeting the client’s needs first are fundamental to building trust in the advisor-client relationship.
Option Trading Can Be Extremely Risky
Option trading can involve significant risks, especially when employing advanced or speculative strategies. Advisors trading options in client accounts must understand the client’s risk tolerance and financial capacity to absorb potential losses. Strategies like selling naked options or engaging in complex spreads, such as iron condors, carry heightened risk because they can lead to substantial losses, particularly in volatile markets. For example, selling uncovered call options exposes investors to unlimited potential losses if the underlying asset’s price surges unexpectedly. Clients should ensure they are fully aware of the risks associated with these strategies before allowing their advisors to trade options on their behalf.
Eric Ganales Red Flags & Your Rights As An Investor
Of course, Eric Ganeles 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 Planningon alert to review carefully the activity and performance of their accounts and question whether Eric Ganeles has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planningalso 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 Eric Ganeles
If you have questions about about Creative Planning and/or Eric Ganeles 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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