DID MICHAEL JOHN OSLAND CAUSE YOU INVESTMENT LOSSES?
Michael Osland Of Geneos Wealth Management, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Michael Osland Of Geneos Wealth Management, Inc.?
Michael Osland (CRD #1791642) has been associated with Geneos Wealth Management, Inc. in Scottsdale, Arizona, since December 2008. He is registered in 31 U.S. states and territories and has demonstrated a comprehensive knowledge base through the passage of one principal/supervisory exam, four general industry/product exams, and two multi-state securities law exams. Over his extensive career, Osland has been registered with multiple firms including AIG Financial Advisors, Inc., SunAmerica Securities, Inc., and several others since starting in the financial services industry in 1988, indicating a broad range of experience in various investment sectors.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Osland Customer Complaints and Reviews
Michael John Osland’s FINRA BrokerCheck record includes a few negative disclosures:
- Regulatory Event (March 2001): Osland was fined $1,500 for acting as an investment advisor in North Dakota without proper registration. This matter was resolved by a consent order that restricted him from advising in North Dakota unless properly registered.
- Customer Dispute (Settled, April 2023): A customer alleged unsuitable investment recommendations between December 2016 and February 2018, which was settled for $50,000, with Osland contributing $10,000.
- Customer Dispute (Settled, April 2019): Customers alleged unsuitable investment recommendations from 2008 to 2017, settled for $125,000, with Osland contributing $25,000.
Allegations Against Michael Osland
The specific allegations and accusations against Michael John Osland include:
- Unauthorized Advisory Activities: Regulatory action was taken for providing investment advice without registration, violating state securities regulations.
- Unsuitable Investment Recommendations: Customers claimed that Osland’s recommendations did not align with their financial situations or objectives, leading to disputes that were settled out of court.
- Misrepresentation: Although not explicitly stated, the context of the customer disputes suggests claims of misrepresentation related to the suitability of investments.
Michael Osland Red Flags & Your Rights As An Investor
Of course, Michael Osland 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 Michael Osland at Geneos Wealth Management, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Osland has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Geneos Wealth Management, 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 Geneos Wealth Management, Inc. Due To Michael Osland
If you have questions about Geneos Wealth Management, Inc. and/or Michael Osland 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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