Last Updated: January 2024 (North Oaks, MN)
Chris Neston Investigation Summary
Here’s what you need to know about North Oaks, MN, stockbroker Christopher Neston:
- Name: Mr. Christopher William Neston
- Current Employer: Ausdal Financial Partners
- Previous Firms: NEXT Financial Group, American General Securities Inc.
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Chris Neston
- Primary Location: North Oaks, MN
- CRD 2741497
- Can Chris Neston be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $245,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Chris Neston As Your Stockbroker?
Chris Neston discloses settlement of two disputes brought by customers of NEXT Financial Group and Ausdal Financial Partners. Both cases allege that Neston concentrated the accounts with illiquid alternative investments (private placements) that paid high commissions. One customer alleged that Neston provided inaccurate information about the performance of the investments. Investments include equipment leasing, oil and gas investments and real estate securities. One customer was paid $245,000 ($132,000 of which was paid by Neston individually) and the other customer was paid $75,000 ($27,500 paid by Neston individually).
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Chris Neston
Customers of Chris Neston have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in private placements/ alternative investments
- Provided inaccurate information about performance of the investments
- Charged high commissions
- Concentrated positions
- Unsuitable annuity investment
- Speculative investment
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Chris Neston, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
