Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ian Formigle (Formigle), previously associated with Crowdstreet Capital LLC, has at least one disclosable event. These events include one customer complaint, alleging that Formigle recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on March 14, 2025.
The claimants allege that from 2012 through 2022, CrowdStreet, Inc.’s operation of an online marketplace constituted operating as an unregistered broker-dealer, and that as CIO of CrowdStreet, Inc., Mr. Formigle was a ‘control person’ and he directly or indirectly controlled CrowdStreet, Inc. during that period.