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Teena Milldebrandt Of Cetera Advisor Networks Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Teena Milldebrandt of Cetera Advisor Networks?

Teena Milldebrandt (CRD #4535766) who is currently registered with Cetera Advisor Networks and located in Scottsdale, Arizona is a subject of one of our many securities industry sales practice abuse investigations.

Teena Milldebrandt Customer Complaints

Teena Milldebrandt has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Teena Milldebrandt’s 3 customer complaints were settled in favor of investors. One of Teena Milldebrandt’s customers complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Teena Milldebrandt

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

  • Clients alleged Teena Milldebrandt’s investment recommendation was unsuitable.
  • Customers alleged that Teena Milldebrandt’s continuous recommendations of moving funds from one annuity to another and purchasing more insurance than needed resulted in substantial costs, excess tax payments and significant market losses. No evidence found to support customers’ allegations. Customer accepted offer of a refund of the remaining net premiums from the immediate variable annuity issued. The firm paid the difference between the commuted value and the net remaining premiums.
  • Customers alleged the two variable annuity universal life contracts issued by Teena Milldebrandt were not suitable as there was no need for additional insurance for either of them.

Teena Milldebrandt Red Flags & Your Rights As An Investor

Of course, Teena Milldebrandt 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 Teena Milldebrandt at Cetera Advisor Networks on alert to review carefully the activity and performance of their accounts and question whether Teena Milldebrandt has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisor Networks 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 Cetera Advisor Networks Due To Teena Milldebrandt

If you have questions about Cetera Advisor Networks and/or Teena Milldebrandt 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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