Last Updated: May 2026 — Fishkill, New York /Naples, FL
Here’s What You Need to Know About Fishkill , New York & Naples, FL Stockbroker Richard T. Kersting Jr.
- Name: Richard Timothy Kersting Jr.
- Current Employer: Ameriprise Financial Services, LLC , KWM Wealth Partners
- Prior Firms: Bruderman Asset Management, LLC; Bruderman Brothers LLC; Gary Goldberg Planning Services Inc.; Gary Goldberg & Co., Inc.; Purshe Kaplan Sterling Investments; Josephthal & Co., Inc.
- CRD Number: 1835418
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $24,500
- Current Customer Dispute Seeks Total Damages of: $500,000.
If you’ve sustained damages from Mr. Kersting, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Richard T. Kersting Jr. As Your Stockbroker?
Richard T. Kersting Jr. is the subject of multiple customer disputes, including a prior settled matter and a pending FINRA arbitration.
In October 2001, a customer alleged churning, misrepresentation, and unsuitable recommendations involving miscellaneous securities products while Mr. Kersting was associated with Southwick Investments and Josephthal & Co. The matter proceeded under NASD Case No. 02-20948 and settled for $24,500, with Mr. Kersting contributing $16,500 individually.
In February 2026, a customer filed a pending FINRA arbitration (Case No. 26-00065) alleging Mr. Kersting recommended an aggressive investment strategy incompatible with the customer’s investment profile, involving variable annuities and listed equities. The claimant seeks $500,000 in damages.
The allegations in the pending claim may implicate FINRA Rule 2111 (Suitability) regarding recommendations consistent with customer objectives, and SEC Regulation Best Interest (Rule 15l-1) concerning a broker’s obligation to act in the retail customer’s best interest.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Richard T. Kersting Jr.
- Unsuitability — allegations that recommendations were inconsistent with the customer’s risk tolerance and investment profile, potentially implicating FINRA Rule 2111.
- Misrepresentation — allegations involving misleading representations may implicate FINRA Rule 2020 and FINRA Rule 2010.
- Churning — excessive trading allegations in the prior case may implicate standards governing excessive trading and commercial honor under FINRA Rule 2010.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Ameriprise Financial brokers
If you have suffered investment losses in an account handled by Richard T. Kersting Jr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
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.