Former Transamerica Financial Advisors, Inc. broker Brian Stern (CRD# 3137402) is accused of unsuitable investment recommendations. He has been registered with Osaic Wealth, Inc. in Rochester, Minnesota, since 2018. He was previously registered with Signator Investors, Inc. in Rochester, Minnesota, from 2016 to 2018, and with Transamerica Financial Advisors, Inc. in Rochester, Minnesota, from 1998 to 2016.
Brian Stern Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2023. “Per Transamerica Financial Advisors, Inc.’s U5 Filing, client’s estate alleges that rep advised client to surrender her husband’s annuity after his death and subsequently sold her products that were unsuitable for her.” The customer is seeking $845,000 in damages, and the case is currently pending. The complaint was regarding real estate investment, variable annuity, and insurance losses, and it took place while he was registered with Transamerica Financial Advisors, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Transamerica Financial Advisors, Inc. may be liable for investment or other losses suffered by Brian Stern’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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