Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Priebe (Priebe), previously associated with Principal Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Priebe recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $22,924,541.00 on November 30, 2022.
John Priebe was a subject of the customer’s complaint against his member firm that asserted the following causes of action: violation of federal regulations; violation of the Securities and Exchange Act of 1934; violation of Minn. Stat. \\u00a7 45.026; violation of Minn. Stat. \\u00a780A.68; violation of FINRA rules; fraud; breach of fiduciary duty; negligence; breach of contract; respondeat superior; and negligent supervision.