The stock fraud lawyers at Fitapelli Kurta are investigating claims against Brandt Wendland and his brokerage firm, Feltl & Company. Brandt Wendland has been registered with Feltl & Company since March 2004. Feltl & Company is a dually registered broker-dealer and investment adviser, which was founded in June 2002. The firm’s headquarters are located in Minneapolis, Minnesota.
According to his Brokercheck, Brandt Wendland has received one customer complaint and has filed for bankruptcy.
Recently, a customer filed a FINRA complaint against Brandt Wendland. The customer has alleged that Mr. Wendland engaged in unsuitable trading in penny socks, leveraged Exchange Traded Funds (ETFs), and executed a number of unauthorized transactions. Based upon these allegations the client is seeking damages of $300,000.
In 2011, the Securities and Exchange Commission fined Feltl & Company $50,000 for failure to adopt and implement comprehensive written compliance policies and procedures. According to the SEC, this failure resulted in, among other things, Feltl & Company charging undisclosed fees to its clients in violation of federal securities laws.
If you or someone you know has invested with Brandt Wendland or Feltl & Company and have sustained losses in their brokerage account, please contact the investment fraud lawyers at Fitapelli Kurta today. We litigate FINRA arbitrations nationwide and work on a contingency basis. Please contact us today for your free evaluation.