DID RUSSELL JOHN ANDERSEN CAUSE YOU INVESTMENT LOSSES?
Russell Andersen Of Northern Trust Securities, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Russell Andersen of Northern Trust Securities, Inc.?
Russell Andersen (CRD #2288717) has a robust background in the securities industry. He is currently registered with Northern Trust Securities, Inc. in Florida, with branches in Naples, Bonita Springs, and Fort Myers. His registration began on March 30, 1999, and he has been associated with this firm in various capacities since. Andersen has been registered in 40 U.S. states and territories, reflecting a broad geographic scope of licensure. Throughout his career, he has passed two general industry/product exams and three multi-state securities law exams, but no principal/supervisory exams. His employment history includes previous registrations with Vision Investment Services, Inc. from March 2000 to September 2011, Key Investments Inc. from June 1993 to March 1999, and SeaFirst Investment Services, Inc. from November 1992 to June 1993.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Russell Andersen Customer Complaints and Reviews
Andersen has a couple of disclosure events reported on his record:
- Customer Dispute 1 (Closed-No Action/Withdrawn/Dismissed/ Denied): Filed on January 23, 2011, a client alleged that Andersen failed to describe the risks associated with a purchase of Auction Rate Securities (ARS). The complaint, which was a written investment-related one, sought unspecified damages but was eventually denied on February 7, 2011.
- Customer Dispute 2 (Pending): In a pending dispute filed on April 2, 2024, the claimant alleges that his request to liquidate a portfolio valued at approximately $5 million was declined based on Andersen’s advice, which purportedly led to financial losses as he was advised to increase the portfolio value to $7 million and borrow against it. The broker denies these claims, stating that he adhered to the client’s instructions. This case is currently under arbitration with case number 24-00586.
Allegations Against Russell Andersen
- Accusation in Closed Dispute:
- Event: Customer alleged that Andersen did not adequately communicate the risks involved with ARS investments.
- Outcome: The complaint was officially denied with no compensatory damages awarded.
- Accusation in Pending Dispute:
- Event: The claimant alleges improper advice on portfolio management, specifically that a liquidation request was not honored, leading to a purported financial loss.
- Current Status: The case is still pending, under FINRA arbitration case number 24-00586.
Russell Andersen Red Flags & Your Rights As An Investor
Of course, Russell Andersen 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 Russell Andersen at Northern Trust Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Russell Andersen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Northern Trust Securities, Inc. 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 Northern Trust Securities, Inc. Due To Russell Andersen
If you have questions about Northern Trust Securities, Inc. and/or Russell Andersen 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.
Rate this Post
Loading...