Last Updated: October 2023 (St. Louis, MO)
Peter Reinecke Investigation Summary
Here’s what you need to know about St. Louis, MO, stockbroker Peter Reinecke:
- Name: Mr. Peter Frederick Reinecke
- Current Employer: Not currently registered with FINRA
- Previous Firms: Saxony Securities, LPL Financial, dba Family Wealth Advisors, Arsenal Capital Management, Arsenal Capital Advisors
- Function: Stock Broker/ Financial Advisor
- Aliases: Peter Reinecke
- Primary Location: St. Louis, MO
- CRD 2085940
- Can Peter Reinecke be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $495,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Peter Reinecke As Your Stockbroker?
In 3/2022 customers of Peter Reinecke while he was employed by Saxony Securities and LPL Financial was paid $495,000 to resolve allegations that he made unsuitable recommendations which caused the majority of their assets to be concentrated in speculative and illiquid private companies. In addition Reinecke borrowed money from the customers and had a personal interest in the private companies where Reinecke invested the customer’s funds.
Allegations of Broker Misconduct Against Peter Reinecke
Customers of Peter Reinecke have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in illiquid and speculative private companies from 2010 to present
- Borrowed money from the customers
- Reinecke had personal interest in the companies he recommended
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 Peter Reinecke, 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.
