Last Updated: February 2025 | Conroe, TX
Here’s What You Need to Know About Conroe, TX Stockbroker Steve Bransburg:
- Name: Mr. Stephen Carl Bransburg Jr.
- Current Employer: Gradient Securities, LLC
- Prior Employers: Allstate Financial Services, LLC; MetLife Securities Inc.; NYLife Securities Inc.; Pruco Securities Corporation
- Function: Stockbroker / Financial Advisor
- Primary Location: Conroe, TX
- CRD Number: 1003470
- Can Stephen Bransburg be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Discharged by a Prior Employer: Yes
- Highest Settlement or Award: $2,400
If you’ve sustained damages from Mr. Bransburg, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation
Did You Lose Money With Stephen Bransburg As Your Stockbroker?
A customer dispute related to a 1998 sale of a Variable Universal Life (VUL) insurance policy alleged that Bransburg misrepresented terms and failed to disclose surrender charges. This matter was settled for $2,400.
Recently, in 11/2024, Bransburg was terminated from Allstate Financial Services, LLC, after allegedly submitting annuity transactions directly to insurance companies even though the firm’s suitability and best-interest review process rejected the recommendations.
Allegations of Broker Misconduct Against Stephen Bransburg
Customers and employers have made the following allegations against Stephen Bransburg in connection with the handling of customer accounts:
- Misrepresentation of an investment product (VUL policy), failing to disclose surrender charges
- Unsuitable annuity recommendations that bypassed the firm’s suitability review
- Engaging in transactions rejected by the firm’s compliance department
Under FINRA Rule 2111 (Suitability Rule), brokers are required to have a reasonable basis for recommending a financial product based on a customer’s specific investment profile. Allegations that Bransburg submitted rejected transactions to insurance companies may violate FINRA’s suitability and best-interest standards.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
Other Investigations involving Insurance
If you have suffered investment losses in an account handled by Stephen Bransburg, 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.
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.