A Finra arbitration panel ordered Frederick Baerenz, CEO of AOG Wealth Management, to pay damages of $331,000 for unsuitable trading. According to an Investment News article, Baerenz placed over $900,000 of a clients’ total investment of $1.3 million into direct private placements from 2006 – 2008. Though the clients signed a form stating they accepted the higher risk investments, the Finra arbitration panel still found the investments to be unsuitable. Further, according to his Finra Broker Check report the private placement investments consisted of: equipment leasing, oil and gas, and real estate security.
Baerenz’s Broker Check report indicates that he is also a registered agent of Kalos Capital Inc.
Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.
Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.