Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 20, 2016 indicate that Minnesota-based Emergent Financial Group broker Peter Voldness has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Voldness (CRD# 872727).
Peter Voldness has spent 36 years in the securities industry and has been registered with Emergent Financial Group in Bloomington, Minnesota since 2000. 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 a registered broker with 34 US states and territories.
According to his BrokerCheck report, Peter Voldness has been the subject of one customer complaint and three regulatory sanctions.
In January 2016, FINRA sanctioned Peter Voldness following allegations that he failed to disclose a conflict of interest to his clients. He was censured and issued a fine of $25,000.
In November 2012, a customer alleged that Peter Voldness, while employed at Emergent Financial Group, provided false and misleading information and recommended unsuitable investments in DIGI Medical Solutions. The complaint settled in 2014 for $83,005.
In 2002, the National Association of Securities Dealers sanctioned Peter Voldness following allegations he commenced a private placement contingency offering and failed to establish an independent escrow agent, instead instructing customers to wire funds directly into the issuer’s savings account. He was issued a 10-day suspension from acting in any principal capacity and fined $2,500.
In 1991, the NASD sanctioned Peter Voldness following allegations that, while employed at Westonka Investments, he effected securities transactions at unfair and unreasonable prices. He was censured and issued a fine of $3,000.
If you have lost money investing with Peter Voldness, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.