Public records published by the Financial Industry Regulatory Authority (FINRA) on June 12, 2017 indicate that former Minnesota-based Emergent Financial Group broker Peter Voldness, who has been sanctioned by FINRA, has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Voldness (CRD# 872727).
Peter Voldness has spent 37 years in the securities industry and was most recently registered with Emergent Financial Group in Bloomington, Minnesota (2000-2017).. Previous registrations include Robert W. Baird & Company in Milwaukee, Wisconsin; RJ Steichen & Company in Minneapolis, Minnesota; Westonka Investments in Minnetonka, Minnesota; Oberweis Securities; Summit Investment Corporation; Engler and Budd; Pagel Inc.; and Alstead Strangis & Dempsey. He is currently not affiliated with any state or firm.
According to his BrokerCheck report, he has received one customer complaint, three regulatory sanctions, and one pending customer complaint.
In May 2017 a customer alleged Peter Voldness, in his capacity as control person at Emergent Financial Group, was connected to the recommendation and undue concentration of unsuitable investments in securities issued by Cryoport. The customer is seeking $2,000,000 in damages in the pending complaint.
In 2016 FINRA sanctioned him following allegations he “failed to disclose [a] financial conflict of interest” and, along with his firm, “failed to accurately record the terms and conditions of customer orders to purchase the shares on the firm’s records.” FINRA’s findings state further: “prior to a corporation going public, he was issued warrants to purchase shares of the corporation. The findings stated that Voldness later solicited certain customers of his member firm to purchase shares in the corporation and sold to customers shares from shares issued to him by exercising the warrants, for approximately $75,000. While Voldness disclosed to each purchaser that he was selling the corporation’s shares, he did not disclose that he was selling from his non-proprietary account.” He was censured and issued a fine of $25,000.
In 2012 a customer alleged Peter Voldness, while employed at Emergent Financial Group, recommended unsuitable securities and gave false and misleading information. The complaint settled for $83,005.
If you or someone you know has a complaint regarding Peter Voldness, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.