DID STEVEN JAMES BERGMANN CAUSE YOU INVESTMENT LOSSES?
Steven Bergmann Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Steven Bergmann of LPL Financial LLC?
Steven Bergmann (CRD #1525281) has an extensive background in the financial services industry. Currently, he is associated with LPL Financial LLC, based in St. Charles, Illinois, where he has been since May 12, 2003. His registration history includes previous affiliations with AXA Advisors, LLC and The Equitable Life Assurance Society of the United States in New York, New York. Throughout his career, Bergmann has passed five significant securities industry examinations, including one Principal/Supervisory Exam, two General Industry/Product Exams, and two Multi-State Securities Law Exams. He is licensed to operate in 28 U.S. states and territories and is affiliated with one Self-Regulatory Organization (SRO).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Steven Bergmann Customer Complaints and Reviews
Steven J. Bergmann’s report indicates two disclosure events:
- Settled Customer Dispute (12/27/2005): Clients alleged misrepresentation in the sale of two variable insurance policies in 2001, particularly regarding the ability to change the face amount and undisclosed penalties. The settlement resolved with AXA Equitable agreeing to reduce the face amount of the policies and waive surrender charges, with a settlement amount of $8,533.80.
- Pending Customer Dispute (Filed 03/18/2024): The client alleges that an investment made in 2014 in a healthcare real estate income trust was unsuitable given their investment objectives and risk tolerance. The case is under arbitration with FINRA, with potential damage speculated to exceed $5,000. Bergmann denies any wrongdoing and is prepared to defend the suitability of the investment based on information known at the time of recommendation.
Allegations Against Steven Bergmann
- Settled Customer Dispute Allegations: Misrepresentation concerning the terms of variable insurance policies sold in 2001, with specific grievances about undisclosed penalties for policy adjustments and the suitability of the policies given the clients’ financial contributions.
- Pending Customer Dispute Allegations: Unsuitability of a 2014 investment in a non-traded real estate investment trust, which did not align with the client’s financial goals and risk profile. The client is part of a group of investors seeking restitution for perceived investment losses linked to a healthcare real estate income trust.
Steven Bergmann Red Flags & Your Rights As An Investor
Of course, Steven Bergmann 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 Steven Bergmann at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Steven Bergmann has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firms’ 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 LPL Financial LLC Due To Steven Bergmann
If you have questions about LPL Financial LLC and/or Steven Bergmann 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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