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Peter Steege Of Western International Securities Has 10 Customer Complaints For Alleged Broker Misconduct

Who is Peter Steege of Western International Securities?

Peter Steege (CRD #1060713) who is currently registered with Western International Securities and located in Denver, Colorado is a subject of one of our many securities industry sales practice abuse investigations.

It appears from FINRA’s BrokerCheck that Peter Steege has had his share problems with the authorities, including 4 regulatory events with state regulators in Illinois and Georgia and the New York Stock Exchange.  Remarkably he is still registered in working in the industry with those regulatory black marks and the 10 customer complaints discussed below.

Peter Steege Customer Complaints

Peter Steege has been the subject of 10 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Five of Peter Steege’s 10 customer complaints were settled in favor of investors. Five of Peter Steege’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Peter Steege

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Alleged unsuitable investment and orders being executed without authorization of the customer by Peter Steege.
  • Breach of Fiduciary Duty, Breach of Contract, Misrepresentation allegedly by Peter Steege.
  • Clients allege that investments recommended by Peter Steege did not match their investment objectives.
  • Peter Steege alleged unauthorized activity.
  • Peter Steege alleged unauthorized trade – purchase of 4000 NTPA.
  • Unsuitable investment and unauthorized trading by Peter Steege.

Peter Steege Red Flags & Your Rights As An Investor

Of course, Peter Steege 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 Peter Steege at Western International Securities on alert to review carefully the activity and performance of their accounts and question whether Peter Steege has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Western International Securities 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.

File A Claim To Recover Your Investment Losses At Western International Securities Due To Peter Steege

If you have questions about Western International Securities and/or Peter Steege 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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