Eric Paxton Neidermeyer (CRD# 1680870), a financial advisor since 1987, is an industry veteran. Since October of 2011, the broker has been registered with Wells Fargo Advisors Financial Network, LLC. in Oregon. Neidermeyer is facing a customer complaint about losses from risky investments.
Neidermeyer has settled 4 customer complaints in the past, all involving unauthorized trading. The broker is now facing his 5th complaint, and this time it involves risky investments.
Neidermeyer placed customer funds into risky warrants but failed to tell them this type of investment could end up worthless. In the formal October 2018 complaint, the customer is seeking damages in the amount of $641,000.
Brokers and firms have a responsibility to approach all customer dealings in good faith. Firms are also required to supervise recommendations made by their brokers to ensure they follow industry regulations. When brokers or firms breach these duties, they can be liable for the financial losses of their customers.
Sonn Law Group Can Help You Recover Investment Losses
Have you suffered losses after your broker recommended a risky investment? At Sonn Law Group our experienced team of securities lawyers regularly represent clients in cases involving broker misconduct and fraud. Contact us for a free case review to determine if your losses are recoverable.
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