Were you the victim of former FSC Securities Corporation broker David Thiele (CRD# 6102260)? He has been registered with Osaic Wealth, Inc. in Bend, Oregon, since 2023. He was registered with FSC Securities Corporation in Bend, Oreon, from 2016 to 2023, and Morgan Stanley in Bend, Oregon, from 2012 to 2016.
David Thiele Customer Complaints
He has been the subject of three customer complaints in 2023, according to his CRD report:
October 2023. “Claimant alleges unsuitable recommendation and sale of alternative investment.” The customer is seeking $325,000 in damages, and the case is currently pending. The complaint was regarding direct investment losses.
October 2023. “The Claimants allege that the financial professional sold a variable annuity and private placement that were unsuitable.” The customer sought $200,000 in damages, and the case was settled for $30,000. The complaint was regarding variable annuities and private placements.
April 2023. “Claimants, who are the daughters of the deceased client, allege that Mr. Thiele did not properly supervise the financial professional who serviced their father’s account; that the account was traded too aggressively; and that this resulted in purported losses in the account.” The customer sought $1,228,822 in damages, and the case was settled for $450,000. The complaint was regarding common and preferred stock losses.
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, FSC Securities Corporation may be liable for investment or other losses suffered by David Thiele’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.
"*" indicates required fields
