Robert Gene Nordaune (Robert Nordaune) – Financial Advisor/Broker Robert Nordaune Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Robert Gene Nordaune (Robert Nordaune) CRD #2313216
Robert Nordaune was a previously licensed financial advisor/broker with Thrivent Investment Management, Inc. FINRA reports that Robert Nordaune was fined $5,000 and suspended from the securities industry for 30 days in April 2020.
According to FINRA Allegations:
In May 2019, Robert Nordaune met with a recently-widowed woman to fill out paperwork to transfer ownership of a variable annuity that her husband had purchased from TIMI’s parent company. TIMI and its parent company are part of a fraternal benefit society that offers products and services only to its members. Robert Nordaune, believing that the woman was already a member of the society and thus was eligible to assume ownership of the variable annuity, did not ask her to apply for membership at their meeting. Afterward, however, Robert Nordaune discovered that the woman was not a member of the society. Robert Nordaune filled out a membership application for the woman, signed her name, and submitted the application, all without her permission or knowledge. Robert Nordaune did so even though, as he knew, TIMI prohibited associated persons from signing documents for customers. Shortly afterward, the woman received a copy of the membership application and complained to Robert Nordaune, who suggested that she had electronically signed the document but forgotten about it. The woman then complained to TIMI, who terminated Robert Nordaune association and transferred the variable annuity in accordance with the woman’s wishes.
By signing the woman’s name to an application for membership in TIMI’s fraternal benefit society, thus falsifying the document, Robert Nordaune violated FINRA Rule 2010.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Robert Nordaune and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Robert Nordaune’s conduct. 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.
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. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Robert Nordaune and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 5/12/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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