Richard Mark Braverman of Lancaster Pennsylvania a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that (1) omissions had been made regarding the risks of investing in direct investments and real estate investments (2) fiduciary duties had been breached and (3) Braverman made recommendations for the customer to purchase investments that were inappropriate for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02873 (Aug. 21, 2018).

FINRA Public Disclosure confirms that Braverman is referenced in five more customer initiated investment related disputes pertaining to allegations of Braverman’s misconduct while employed with FSC Securities Corporation. Particularly, on January 14, 2009, a customer initiated investment related complaint concerning Braverman’s activities was resolved for $105,662.26 in damages founded on accusations that Braverman effected an annuity purchase for the customer that was unsuitable because it failed to provide the customer with a necessary income stream.

Then, a customer initiated investment related arbitration claim concerning Braverman’s conduct was settled for $14,500.00 in damages supported by allegations that Braverman poorly advised the customer concerning the real estate security and mutual fund investments held in the customer’s account. Another customer initiated investment related arbitration claim regarding Braverman’s conduct was resolved for $32,500.00 in damages based upon accusations that inter alia, Braverman made unsuitable investment recommendations to the customer regarding real estate investments. FINRA Arbitration No. 16-03558 (Nov. 10, 2017).

Moreover, on July 17, 2017, a customer filed an investment related complaint regarding Braverman’s conduct in which the customer requested $47,000.00 in damages founded on allegations that the customer was inappropriately advised to invest in oil and gas investments.

FINRA Public Disclosure also reveals that Braverman was terminated from FSC Securities Corporation supported by accusations that Braverman failed to conform to FSC Securities Corporation policies by way of Braverman’s involvement in non-traded real estate investment trust transactions.

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Guiliano Law Group

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