Geneos Wealth Management is a broker-dealer that provides financial and estate planning services through a select network of registered representatives. Headquartered in Denver, CO, the firm has 250+ advisors nationwide. Geneos offers wealth management products such as mutual funds, alternative investment options, fixed and variable annuities, and life insurance products.
Financial Misconduct at Geneos
Geneos Wealth Management is licensed by the Financial Industry Regulatory Authority (FINRA), and as such is legally obligated to ensure its brokers are acting lawfully in the interest of their investors. If a client suffers losses as a result of negligent behavior or misconduct from a broker, then the firm may be held legally responsible to repay the damages.
GWM has received a number of substantial customer complaints, many within the last few years. There are two cases pending arbitration for one broker alone currently, with over $650,000 at stake over unsuitable recommendations made from 2001 to 2013. Another $500,000 have been awarded to investors due to unsuitable broker advice.
Additionally, in 2009 and 2011, two separate brokers named Robert Bachman and Harve Meslin collectively paid nearly a million dollars in settlements regarding lack of supervision over financial advisors and unsuitable investment advice. These brokers are still registered with the company.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against large investment firms, and our track record affirms our resources and expertise. Meyer Wilson has represented clients nationwide and internationally, in state and federal courts, and in arbitration through FINRA and the American Arbitration Association (AAA). As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
To determine whether you have a case against Geneos Wealth Management for your losses, call us or complete our online contact form to request a free case evaluation.