Securian Financial Services, Inc. is a registered brokerage and investment adviser firm. In Securian's own words, "[Our] advisors' advice and recommendations are geared to your goals, your timeframe and the amount of risk you are comfortable taking. With an investment advisory program, the financial advisor becomes your ally in helping you achieve your goals."
This should be every brokerage and investment advisor firm's goal. When this does not happen, and brokers act in their own best interests rather than their clients', clients can suffer serious financial losses. If you entrusted your money with Securian or one of its registered brokers and you lost a substantial amount of money, we may be able to help you recover your losses.
About Securian Financial Services, Inc.
Securian Financial is registered with the SEC as well as in 51 U.S. states and territories. Its main office is located in St. Paul, Minnesota. You can view a full list of Securian financial advisors and registered representatives here. Securian is one of the largest brokerages in the nation that offers financial security for both individuals and businesses.
Some of the investment services Securian offers include:
- Stocks and bonds
- Variable annuities
- Brokerage services
- Mutual funds, and more
History or Regulatory Events, Arbitration, and Bond
Securian Financial Services, Inc. has a total of 21 disclosure events listed on its FINRA BrokerCheck® report. This includes 9 regulatory events, 2 arbitration events, and 10 bond events.
In February 2009, the division accused Securian of failing to supervise one of its brokers who made an unsuitable investment recommendation to elderly investors. Securian consented and the monetary fine ordered for this event was $79,445.
In May 2004, after arbitration, Securian was required to pay over $7,000 over allegations that a Securian broker breached their fiduciary duty, misrepresented account activity, and committed various other acts of account-related negligence. In August 2010, in a separate arbitration, Securian was ordered to pay more than $2.3 million in relief after allegations of misrepresentation, omissions, unsuitability, failure to supervise, and related acts of negligence.
Did you suffer investment losses caused by Securian Financial?
If you entrusted your money to Securian or one of its registered brokers and you lost a substantial amount of money, we invite you to contact Meyer Wilson. Our team of skilled investment attorneys and former brokers are here to help you uncover what happened, and discover any acts of negligence that may be cause for legal action. Contact a stockbroker fraud attorney at our firm to discuss your case by calling (888) 390-6491 or submitting an online contact form.