Last Updated: September 2023 (Topeka, Kansas)
Craig Friedrichsen Investigation Summary
Here’s what you need to know about Topeka, KS, stockbroker Craig ‘Coach’ Friedrichsen:
- Name: Mr. Craig Eugene Friedrichsen
- Current Employer: Pruco Securities LLC dba Gameplan Financial LLC
- Previous Firms: Voya Financial Advisors, H & R Block Financial Advisors
- Function: Stock Broker/ Financial Advisor
- Aliases: Coach Craig
- Primary Location: Topeka, KS
- CRD 2774629
- Can Craig Friedrichsen be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $42,500
- Pending Customer Dispute Seeks Damages of $50,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Craig Friedrichsen As Your Stockbroker?
Craig Friedrichsen discloses 4 prior and one currently pending customer complaint, including:
- In 11/2021 a customer of Voya Financial Advisors was paid $42,500 to resolve FINRA arbitration allegations that Craig Friedrichsen sold investments (real estate securities) that were misleadingly represented as low risk, safe and suitable.
- In 1/2023 a customer of Voya Financial Advisors filed a FINRA arbitration alleging that Craig Friedrichsen recommended investments that were largely concentrated in illiquid, speculative, lo-quality, and high commission non-traded real estate investment trusts (REITs) and Business Development Companies. Damages of $50,000 are sought in this currently pending matter.
Allegations of Broker Misconduct Against Craig Friedrichsen
Customers of Coach Craig Friedrichsen have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in REITs
- Misrepresented alternative investments as being safe and low risk
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
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.
See this for our Investigation of Voya Financial Advisors Complaints.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Craig Friedrichsen, contact us for a complimentary consultation with an experience 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.
