Published On: February 14, 2017

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Adam Fritzsche was suspended from the industry for one year. Fritzsche was accused of making unsuitable recommendations to three customers that were inconsistent with the customers’ investment objectives and resulted in overconcentration of their liquid net worth in an alternative investment. This is against securities rules and regulations. He purchased a business development company (BDC) investment that was not suitable for a long-term investment. A broker must take into account a customer’s net worth, investment objectives, age and other factors before recommending or selling a security. If he does not, his brokerage firm may be responsible for investment losses. Please call 312-332-4200 today for a free consultation with an attorney to discuss how we may be able to help you bring a claim against LPL, Fritzsche’s investment firm, on a contingency fee basis.

Fritzsche was registered with Dean Witter Reynolds in Purchase, New York from February 1997 until June 1999, LPL in Canterbury, Connecticut from June 1999 until December 2012 and Citizens Securities in New London, Connecticut from November 2012 until June 2016. He is currently registered with IFS Securities in Atlanta, Georgia and has been since October 2016. This is according to his online, FINRA BrokerCheck report.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys