DID WILLIAM WALTER LOBERG CAUSE YOU INVESTMENT LOSSES?
William Loberg Of Cetera Advisor Networks LLC Has A Customer Complaint For Alleged Broker Misconduct
About William Loberg of Cetera Advisor Networks LLC?
William Loberg (CRD #4418093) is currently registered with Cetera Advisor Networks LLC and Cetera Investment Advisers LLC in Fargo, ND. Despite his long-standing presence in the industry since 2001, Loberg’s made several moves across different firms, indicative of possible instability or dissatisfaction among employers and clients. He has worked with four firms in the past, including a brief stint of less than a month at Farmers Financial Solutions, LLC. Loberg is licensed in 13 U.S. states and territories but has never passed a principal/supervisory exam, raising questions about his depth of leadership or advanced industry knowledge. His qualifications include just two general industry/product exams and two multi-state securities law exams, a minimal foundation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Loberg Customer Complaint and Reviews
William Loberg’s record is further marred by a customer dispute:
- Incident: A settled customer dispute.
- Details: Allegations of unsuitable investment recommendations involving real estate securities, claimed to have resulted in losses for the client.
- Outcome: Settled in January 2024 with a settlement amount of $18,000, though no personal contribution from Loberg was reported.
- Context: The dispute was formally processed through a FINRA arbitration in Chicago, IL, indicating a serious level of grievance.
Allegations Against William Loberg
- Allegation: Unsuitable investment recommendations.
- Product Type: Real estate security.
- Settlement Amount: $18,000.
This accusation underscores potential concerns about Loberg’s adherence to suitability standards, a fundamental aspect of client-centric advisory services, which might deter potential clients looking for prudent and tailored investment advice.
William Loberg Red Flags & Your Rights As An Investor
Of course, William Loberg 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 William Loberg at Cetera Advisor Networks LLC on alert to review carefully the activity and performance of their accounts and question whether William Loberg has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisor Networks LLC 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 Cetera Advisor Networks LLC Due To William Loberg
If you have questions about Cetera Advisor Networks LLC and/or William Loberg 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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