Goodman and Nekvasil May Recover Investor Losses | Lance Ziesemer, Financial Advisor Barred by FINRA
Lance Ziesemer was licensed with Feltl & Company from 2007 to 2016. FINRA reports that Lance Ziesemer was barred from the securities and investment banking industry in September 2016. FINRA reports that Lance Ziesemer failed to respond to FINRA request information. FINRA reports that Lance Ziesemer previously consented to the sanctions and to the entry of findings that Lance Ziesemer implemented a trading strategy and made unsuitable recommendations to customers to switch from unit investment trusts (UITs) to other UITs after holding the investments for a short time period. The findings stated that Lance Ziesemer’s member firm’s procedures in place at the time required Lance Ziesemer to obtain a “switch letter” signed by the customer before selling any UIT and purchasing another UIT that carried a sales charge. FINRA reports that although all of the customers’ short-term UIT trades fell into this category, Lance Ziesemer failed to obtain switch letters for any of them. FINRA reports that these short-term UIT transactions resulted in approximately $160,000 in combined net losses for the customers. In addition, FINRA reports that the customers paid total commissions of $64,815 on these transactions, of which Ziesemer received $38,889.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Lance Jeffrey Ziesemer, you may be able to recover your losses from Feltl & Company. This is because Feltl & Company., had a duty to supervise Lance Jeffrey Ziesemer an evaluation and all cases are handled on a purely contingency fee basis), please contact us.