New York Investment Advisor Has Several Customer Disputes on His BrokerCheck Record
Brian Wurdemann, an RBC Capital Markets registered representative, is named in a still-pending customer dispute in which the customer is seeking $1M in damages. The claimant contends that Wurdemann misrepresented three mutual funds, first while he was a UBS broker up through when he went to work at RBC Capital Markets.
This is one of several customer disputes involving Wurdemann, including one from 2004 that appears to still be pending.
Our broker fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) have been investigating customer complaints involving Brian Wurdemann even prior to his time with RBC Capital Markets.
Other Disclosures Involving Wurdemann
The customer disputes against the RBC Capital Markets broker date back several years and includes accusations of misrepresentations, unsuitability, and more. Below, is a list of the main disputes listed on Wurdemann’s Brokercheck record:
- 10/2020: A customer who accused Wurdemann of not disclosing the risks involved in a structured product received a $14k settlement.
- 10/2018: Resulting in a $170k award (even though the damage amount requested was $44,179.90), the claimant alleged misrepresentations made over investments from Wurdemann’s time with UBS and before that when he was a Morgan Stanley broker. A Financial Industry Regulatory Authority (FINRA) arbitration panel denied the claims made against Morgan Stanley but granted the award involving UBS.
- 6/2017: This claim involving a rate lock swap was denied.
- 12/2013: The claimant accused Wurdemann of making short position transactions that were unsuitable for a senior investor. Damages alleged were for $5K. The claim was settled for $125K.
- 12/2011: This unsuitability case, which also alleged misrepresentations, was settled for $95K.
- 12/2004: The customer, who accused Wurdemann of not properly advising of the risks involved and failing to minimize losses in what appears to be a still pending claim, is requesting $465K in damages.
Brian Wurdemann has worked in the industry for twenty years. Other firms where he used to be a registered representative include Citigroup Global Markets and Merrill Lynch, Pierce, Fenner & Smith.
Experienced Broker-Dealer Negligence Law Firm
A broker fraud case is not the type of FINRA arbitration claim that you want to pursue without the help of seasoned securities lawyers. SSEK Law Firm has successfully filed cases against the biggest firms on Wall Street on behalf of investors. If you believe that you fell victim to financial losses while working with Brian Wurdemann or any other financial advisor, contact us today. Our team of experienced attorneys will work in your best interests to recoup losses.