According to the Financial Industry Regulatory Authority (FINRA), Gary Rasmussen allegedly engaged in securities law violations, and Stoltmann Law Offices continues to investigate him and his former firm, J.W. Cole Financial. Allegedly Rasmussen recommended investment products that were unsuitable and and highly risky. He also was accused of failure to properly supervise, breach of fiduciary duty, and lack of due diligence in an investment. A broker must have a reasonable basis for recommending the product or security based on the broker’s investigation of the investment properties including its benefits, risks, tax consequences, and other relevant factors. If he does not, his brokerage firm can be held liable for losses. Please call our Chicago-based law firm today if you suffered losses with Mr. Rasmussen and would like information from an attorney about how to recover your losses on a contingency fee basis.
Gary Kenneth Rasmussen was registered with Dean Witter, White, Weld & Co., Crowell, Weedon & Co., Spelman & Co., Girard Securities, Financial Advsiers of America and J.W. Cole in Laguna Niguel, California from May 2013 until October 2016. He has four customer disputes against him, one of which is currently pending. He is currently not registered within the industry, according to his online BrokerCheck report with FINRA.
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.