Did you suffer investment losses with Securities Management & Research (a/k/a SM&R, South Shore Advisors) (CRD# 759) (SEC# 801-8002, 8-12745)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Securities Management & Research (a/k/a SM&R, South Shore Advisors). If you suffered losses investing with Securities Management & Research (a/k/a SM&R, South Shore Advisors), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of October 10, 2020, Securities Management & Research (a/k/a SM&R, South Shore Advisors)’s FINRA BrokerCheck Report contains the following:
4 Regulatory Event Disclosures
1 Arbitration Disclosures
Main Office Location
4201 42ND STREET NE
SUITE 100
CEDAR RAPIDS, IA 52402
UNITED STATES
Mailing Address
P.O. BOX 11606
CEDAR RAPIDS, IA 52410-1606
UNITED STATES
Business Telephone Number
855-767-5700
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Securities Management & Research (a/k/a SM&R, South Shore Advisors)’s Direct Owners and Executive Officers
ONE FINANCIAL, INC., PARENT
BERTHEL, THOMAS JOSEPH (CRD#:823289), CEO/PRESIDENT/CHAIRMAN OF THE BOARD (A/O 11/9/17)
BRENDENGEN, RONALD ODIN (CRD#:1675332), CHIEF FINANCIAL OFFICER (A/O 7/2015)/TREASURER
CHRISTOFFERSON, ANDREW JAMES (CRD#:3248381), CHIEF OPERATING OFFICER (A/O 3/2019), CHIEF COMPLIANCE OFFICER (A/O 7/2019)
DAVENPORT, SHELLEY RAE (CRD#:2131376), VICE PRESIDENT LEGAL & REGULATORY MATTERS, HANNAH
STEVE CHESTER (CRD#:6864494), CHIEF INFORMATION OFFICER
MURPHY, RICHARD MAURICE (CRD#:4893748), EXECUTIVE VICE PRESIDENT
NOETHEN, BRITTANY MICHELLE (CRD#:2610543), CHIEF TECHNOLOGY OFFICER
PETERMAN, TOBI LANE (CRD#:2421561), VICE PRESIDENT/OPERATIONS
RUPP, BRIAN (CRD#:6721718), VICE PRESIDENT/CONTROLLER
SCHAUL, JOANNA MARIE (CRD#:4947759), SENIOR VICE PRESIDENT ADMINISTRATION/SECRETARY
SWARTZENDRUBER, PAIGE NICHOLE (CRD#:4575768), SVP BUSINESS DEVELOPMENT (A/O 3/2019)
WILCOX, RANDY AUSTIN (CRD#:4346998), VP BUSINESS DEVELOPMENT (A/O 7/2018)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Securities Management & Research (a/k/a SM&R, South Shore Advisors) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
