{"id":30652,"date":"2025-01-29T22:07:13","date_gmt":"2025-01-30T04:07:13","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=30652"},"modified":"2025-01-29T22:07:13","modified_gmt":"2025-01-30T04:07:13","slug":"ssek-unsuitability-attorney","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ssek-unsuitability-attorney\/","title":{"rendered":"SSEK Unsuitability Attorney"},"content":{"rendered":"

More Investors Sue For Losses Sustained While Working With Ex-Fortune Financial Services Broker Richard Wesselt.\u00a0<\/strong>More Than Three Dozen Investment Loss Recovery Claims Filed By Former Customers\u00a0<\/strong><\/p>\n

Shepherd Smith Edwards and Kantas Unsuitability Attorney teams (investorlawyers.com<\/a>) is continuing to investigate allegations that\u00a0ex-Fortune Financial Services stockbroker Richard Wesselt<\/a>\u00a0made unsuitable investment recommendations to customers, which caused them to sustain losses. According to\u00a0Wesselt\u2019s CRD<\/a>\u00a0he has 43 disclosures, and most of these are investment loss recovery claims.<\/p>\n

In the still pending\u00a0unsuitability cases<\/a>, former customers are collectively seeking almost $5M in damages. Most of the other investor claims resulted in settlements, including one for $1.5M and many for five- or six-figures. Other allegations made against Wesselt include making misrepresentations and omissions about the products he purportedly unsuitably recommended\u2014including overselling them\u2014churning, having clients take loans from policies, purportedly forging their signatures on loan documents, and more.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

More Investors Sue For Losses Sustained While Working With Ex-Fortune Financial Services Broker Richard Wesselt.\u00a0More Than Three Dozen Investment Loss Recovery Claims Filed By Former Customers\u00a0 Shepherd Smith Edwards and Kantas Unsuitability Attorney teams (investorlawyers.com) is continuing to investigate allegations that\u00a0ex-Fortune Financial Services stockbroker Richard Wesselt\u00a0made unsuitable investment recommendations to customers, which caused them to […]<\/p>\n","protected":false},"author":2,"featured_media":30653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4055,4835],"tags":[5217],"class_list":["post-30652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-featured-investigation","category-unsuitability-attorney","tag-unsuitability-attorney"],"yoast_head":"\nUnsuitability Attorney<\/title>\n<meta name=\"description\" content=\"Over 40 claims were filed against ex-Fortune Financial broker Richard Wesselt for unsuitable investment recommendations. 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