Brian Wurdemann, Broker with RBC Capital Markets, Named in Customer Dispute Seeking $1M in Damages

The customer alleged that Wurdemann misrepresented the nature of three mutual fund investments.

Brian Wurdemann (CRD#: 4206425) is registered as a broker and investment adviser with RBC Capital Markets, where he has been employed since 2017. Previously, Wurdemann was registered as a broker and investment adviser with UBS Financial Services from 2011 until 2017.

Wurdemann has seven disclosures on his BrokerCheck report. One customer dispute filed against Wurdemann was denied.

October 2020 Customer Dispute

• Status: Settled
• Allegations: The client alleged he was not made aware of the downside risk of a structured note he purchased on November 15, 2017.
• Damage Amount Requested: $51,552.17
• Settlement Amount: $14,000.00

August 2020 Customer Dispute

• Status: Pending
• Allegations: Allegations as stated by claimant: Time frame: 2012-2018 Allegations: Claimant alleges that his financial advisor misrepresented the nature of three mutual fund investments.
• Damage Amount Requested: $1,000,000.00

October 2018 Customer Dispute

• Status: Award / Judgment
• Allegations: Claimants allege, inter alia, misrepresentation with respect to investments – June 2009 to July 2011
• Damage Amount Requested: $44,179.49
• Settlement Amount: $170,000.00
• Broker Comment: After a hearing, the Panel denied Claimants’ claims against Respondent Morgan Stanley, however, during FA’s time with UBS Claimants’ were awarded $170,000.00.

December 2013 Customer Dispute

• Status: Settled
• Allegations: Time Frame: February 2, 2011 to December 2, 2013. Client’s son who has authority alleges short positions were not suitable for a 77 year old. The alleged damages are estimated to be in excess of $5,000.00
• Settlement Amount: $125,000.00

December 2011 Customer Dispute

• Status: Settled
• Allegations: The customer alleges unsuitable investment recommendations and misrepresentation.
• Damage Amount Requested: $500,000.00
• Settlement Amount: $95,000.00
• Broker Comment: This matter was settled to avoid the risk and expense of arbitration. The representative was not asked to contribute, and did not contribute, to the settlement.

December 2004 Customer Dispute

• Status: Pending
• Allegations: Client alleges that financial advisor failed to properly advise him of risks and failed to minimize losses.
• Damage Amount Requested: $465,097.00
• Broker Comment: Customer complaint morphed into an arbitration in which Mr. Wurdemann was not named as a respondent. 

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Brian Wurdemann. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.