Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Peterson (Peterson), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Peterson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $300,000.00 on April 25, 2020.
Customers (husband and wife) allege RR Peterson failed to consider certain government offsets when preparing their financial plan in 2014. Such alleged failure purportedly caused losses to the customers’ net worth. Customers allege in doing so, RR Peterson allegedly breached certain fiduciary duties, and contractual and regulatory obligations. RR Peterson intends to vigorously contend the allegations.