Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Bessey (Bessey), previously associated with Wintrust Investments LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bessey 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 $500,000.00 on July 19, 2021.
Claim alleges lack of suitability, misrepresentation, and failure to perform adequate due diligence in that clients were overconcentrated in high-risk, illiquid alternative investments to maximize commissions that were risky and as a result clients suffered substantial losses.