Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Fredrick Randhahn (a/k/a Fred Randhahn). If you suffered losses investing with Fredrick Randhahn (a/k/a Fred Randhahn), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Fredrick Randhahn (a/k/a Fred Randhahn) (CRD# 1338801)
As of April 19, 2020, Fredrick Randhahn (a/k/a Fred Randhahn)’s FINRA BrokerCheck Report contains the following:
SUSPENDED: FINRA has suspended this individual from acting as a broker. Please see the detailed report for more information
Disclosure Events
1 Customer Dispute(s)
1 Regulatory Event(s)
1 Employment Separation After Allegations
UPDATE 4/17/2020: According to FINRA’s January 2020 Disciplinary Actions: “Fredrick Martin Randhahn (CRD #1338801, South Ogden, Utah) November 14, 2019 – An AWC was issued in which Randhahn was assessed a deferred fine of $5,000, suspended from association with any FINRA member in all capacities for nine months and ordered to pay deferred disgorgement of commissions received in the amount of $33,167.67, plus interest. Without admitting or denying the findings, Randhahn consented to the sanctions and to the entry of findings that he engaged in unapproved private securities transactions involving the sale of promissory notes to investors, some of whom were also customers of his member firm. The findings stated that Randhahn solicited investors to purchase $625,000 worth of promissory notes related to a purported real-estate investment fund. Randhahn personally invested $125,000 in the promissory notes and received $33,167.67 in commissions in connection with these transactions. Later, the fund filed a voluntary Chapter 11 bankruptcy petition. The United States District Court for the Southern District of Florida issued final judgments against, among others, the fund and its former owner. Those judgments required the fund and its former owner to, among other things, disgorge their ill-gotten gains and also required the former owner to pay a civil penalty. The findings also stated that Randhahn failed to make any disclosure of the fund to the firm in response to firm questionnaires. On the questionnaires, Randhahn denied participating in any private securities transactions or selling any non-securities investment products.The suspension is in effect from November 18, 2019, through August 17, 2020. (FINRA Case #2018059663501)”
Current and Previous Registrations
01/13/2012 – 08/24/2018 SIGMA FINANCIAL CORPORATION (CRD#:14303) Ogden, UT
10/05/2009 – 01/24/2012 AMERIPRISE FINANCIAL SERVICES, INC. (CRD#:6363) MIDVALE, UT
03/13/2009 – 10/05/2009 AMERIPRISE ADVISOR SERVICES, INC. (CRD#:5979) MIDVALE, UT
02/22/1996 – 03/16/2009 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD#:7691) OGDEN, UT
01/20/1995 – 02/07/1996 FIS SECURITIES, INC. (CRD#:30533) BOSTON, MA
12/24/1987 – 12/02/1994 CIGNA FINANCIAL ADVISORS,INC. (CRD#:145) RADNOR, PA
09/10/1985 – 02/10/1988 PRUCO SECURITIES CORPORATION (CRD#:5685)
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Fredrick Randhahn (a/k/a Fred Randhahn) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
