March 14, 2018 Comments (0) Blog, Current Investigations

Former Ohio Advisor Fred Brisker Barred from the Securities Industry

Fred Brisker

Investigating Potential Claims Involving Fred Brisker

According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred Fred Brisker of Portsmouth, Ohio who was terminated from Parkland Securities earlier this month.

“The firm [Parkland Securities] has reason to believe that the representative [Brisker] forged the signature of another insurance agent, and misrepresented the other agent as his employer, in connection with submitting his own disability claim form to an insurance company,” according to FINRA.

According to Portsmouth Daily Times, in addition to the fraud allegations, two 2016 liens have been listed against Brisker for a total of $457,434 in taxes owed. Another pending tax lien for $108,823 from 2011 was also listed as pending.

According to his FINRA BrokerCheck report, Fred W. Brisker is not currently registered as broker. He has four customer disputes listed on his Broker report.

Failure to Supervise

The White Law Group is investigating the liability Fred Brisker’s employer may have for failure to properly supervise him.

Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.

Did you lose money investing with Fred Brisker? If so, the attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration. For a free consultation with a securities attorney, please call (888) 637-5510.

The foregoing information, which is all publicly available, is being provided by The White Law Group.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information, please visit our website, www.whitesecuritieslaw.com.