Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial advisor Peter Steege (Steege) has at least 21 disclosable events. Such events include one criminal matter, four regulatory disclosures, two employment terminations for cause, and 14 customer complaints alleging that Steege engaged in some form of investment related misconduct in the handling of the client’s accounts. Steege is currently employed by Western International Securities, Inc. (Western International). Steege’s customer complaints alleges that Steege recommended unsuitable investments, made misrepresentations, and overconcentrated investments relating to the handling of client accounts.
In January 2021 a customer complained that Steege violated the securities laws by alleging that Steege made unsuitable investments resulting in losses in the amount of $163,000 in the account. The claim is currently pending.
In November 2020 a customer complained that Steege violated the securities laws by alleging that Steege made unsuitable investments and overconcentrated the account resulting in losses in the amount of $5,000 in the account. The claim is currently pending.
In November 2020 a customer complained that Steege violated the securities laws by alleging that Steege made unsuitable investments resulting in losses in the amount of $50,000 in the account. The claim is currently pending.