Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Freund (Freund), previously associated with Citizens Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Freund recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on January 28, 2026.
Plaintiffs’ complaint involves the transfer of approximately $371,000 into a fixed annuity in or about March 2025 based on purported misrepresentations made by the adviser that they would receive a bonus on the transferred funds and the transfer was in their best financial interest. The complaint alleges claims of misrepresentation, breach of contract and fiduciary duty, wrongfully obtained compensation from the transaction and seeks unspecified damages.