Last Updated: September 2023 (Sheboygan Falls, WI)
Peter Mersberger Investigation Summary
Here’s what you need to know about Sheboygan Falls, WI, stockbroker Pete Mersberger:
- Name: Mr. Peter Jerome Mersberger
- Current Employer: LPL Financial LLC, Merit Financial Advisors, dba Mersberger Financial Group
- Previous Firms: Cambridge Investment Group, Voya Financial Advisors
- Function: Stock Broker/ Financial Advisor
- Aliases: Pete Mersberger, Peter J. Mersberger
- Primary Location: Sheboygan, WI
- CRD 2372186
- Can Pete Mersberger be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement :$35,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Peter Mersberger As Your Stockbroker?
A customer of Voya Financial Advisors was paid $25,000 in 12/2021 to resolve allegations that Pete Mersberger sold two unsuitable alternative investments that were misrepresented for the sole purpose of earning commissions.
IN 3/2021 a customer of Voya Financial Advisors was paid $35,000 to resolve allegations that Pete Mersberger misrepresented an unsuitable and illiquid real estate investment trust (REIT).
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.
Allegations of Broker Misconduct Against Peter Mersberger
Customers of Pete Mersberger have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to purchase illiquid and unsuitable alternative investments
- Made recommendation to invest in unsuitable alternative investments for sole purpose of earning commissions
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 Pete Mersberger, 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.
