Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Marvin Bergstrom (Bergstrom), previously associated with Crescent Securities Group, Inc., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Bergstrom concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on December 16, 2024.
Unsuitability, concentration, excessive transactions, misrepresentations or omissions, breach of fiduciary duty, gross lack of supervision. Events leading to the allegations are unknown. Customer did not contact the firm prior to filing arbitration, nor did she make any effort to alert the firm to her grievances. Customer has had very little activity since 2022. Accounts opened in April – May of 2019. Representative Bergstrom not named as respondent, only firm.