Last Updated: April 2025 – Rolling Meadows, IL
Norbert Filian Investigation Summary
Here’s what you need to know about Rolling Meadows, IL, stockbroker Norbert Filian:
- Name: Mr. Norbert Helmut Filian
- Current Employer: Equitable Advisors, LLC
- Prior Employer: The Equitable Life Assurance Society of the United States
- Function: Stockbroker / Financial Advisor
- Primary Location: Rolling Meadows, IL
- CRD Number: 2998784
- Aliases: Norb Filian, Norbert H. Filian
- Can Norbert Filian be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Settlement or Award: $13,367
- Pending Customer Dispute Seeks Damages (amount currently unspecified)
If you’ve sustained damages from Mr. Filian, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Norbert Filian As Your Stockbroker?
A pending FINRA arbitration (Case No. 24-01252) was filed in August 2024, by a customer of Equitable Advisors, LLC, alleging that Mr. Filian recommended an unsuitable Real Estate Investment Trust (REIT) to a customer. The claim is pending and the damages amount is not yet specified.
In an earlier matter (FINRA Case No. 23-03300), filed in November 2023, similar allegations of unsuitable REIT sales were made by a customer of Equitable. That dispute was settled for $13,367, with Mr. Filian personally contributing $8,030.00 to the resolution.
Another customer complained that Mr. Filian misrepresented the liquidity of a REIT sold in 2014. That complaint was denied by the firm and apparently the customer did not pursue the matter further.
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Norbert Filian
Mr. Filian has three customer disputes reported on his record with the Financial Industry Regulatory Authority (FINRA), which include:
- Unsuitable REIT Recommendation to customers
- Misrepresentation of Liquidity
These allegations may constitute violations of FINRA Rule 2111, which mandates that brokers make only suitable investment recommendations based on the client’s financial situation and objectives. Additionally, FINRA Rule 2010 may apply in cases involving misrepresentation or failure to disclose material facts about investment products, such as REITs, which are typically illiquid and complex.
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.
Mr. Filian is currently licensed in 10 U.S. states and territories, including Illinois, Florida, and Arizona, and is registered as both a General Securities Representative and an Investment Adviser Representative through Equitable Advisors, LLC.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Brokers who worked for Equitable Advisors
If you have suffered investment losses in an account handled by Norb Filian, 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.