DID NICHOLAS JAMES BEDLAN CAUSE YOU INVESTMENT LOSSES?
About Nicholas Bedlan of Creative Planning?
Nicholas Bedlan (CRD #4143700) has over two decades of experience in the financial industry, working at five different firms. His tenure includes positions at Merrill Lynch, Morgan Stanley, Citigroup, and Northwestern Mutual, before his current role as an Investment Advisor Representative with Creative Planning since 2018. He has held roles ranging from portfolio manager to senior portfolio manager, demonstrating a strong foundation in investment advising.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Nicholas Bedlan Customer Complaints and Reviews
David Altimont’s record contains one disclosed termination:
- Customer Dispute:
- Date Filed: July 20, 2023
- Allegations: Breach of fiduciary duty, negligence, and breach of contract related to equity trades conducted between November 2021 and February 2023.
- Alleged Damages: Between $3,353,466 and $3,957,598.
- Status: This case is currently under arbitration with JAMS (Case #5160000424), awaiting final resolution.
Allegations Against Nicholas Bedlan
- The allegations concern the handling of equity-listed securities, with the claim asserting significant financial losses due to alleged improper actions. They focus on claims of fiduciary breaches and negligence involving equity trades. The customer asserts substantial financial harm from trading activity and has filed a formal arbitration claim.
Nicholas Bedlan Employment History and Licenses
- Employment History:
- Creative Planning (Investment Advisor Representative) – 2018 to Present
- Lawson Kroeker Investment Management (Portfolio Manager) – 2015 to 2018
- Morgan Stanley (Senior Portfolio Manager) – 2009 to 2015
- Citigroup Global Markets – 2008 to 2009
- Merrill Lynch – 2003 to 2008
- Exams Passed:
- Series 6 (Investment Company Products/Variable Contracts) – May 2000
- Series 7 (General Securities Representative) – August 2001
- Series 63 (Uniform Securities Agent) – May 2000
- Series 65 (Uniform Investment Adviser Law) – March 2002
- Securities Industry Essentials (SIE) – January 2015
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.
Nicholas Bedlan Red Flags & Your Rights As An Investor
Of course, Nicholas Bedlan 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 Nicholas Bedlan 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 Nicholas Bedlan
If you have questions about Creative Planning and/or Nicholas Bedlan 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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