Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 2, 2016 indicate that New Jersey-based Triad Advisors broker/adviser Elias Rauch has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Rauch (CRD# 4169179).
Elias Rauch has spent 16 years in the securities industry and has been registered with Triad Advisors in Edison, New Jersey since 2010. Previous registrations include ING Financial Advisors in Woodbridge, New Jersey (2000-2010) and Aetna Financial Services in Hartford, Connecticut (2000). He is a registered broker and investment adviser with 14 US states and territories: Arizona, Arkansas, California, Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas and Vermont.
According to his BrokerCheck report, Elias Rauch has received one customer complaint.
In 2011, a customer alleged Elias Rauch, while employed at ING Financial Advisors, made unsuitable investment recommendations. The complaint settled in 2013 for $77,500.
According to FINRA rules and federal securities law, brokers and investment advisers like Elias Rauch must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have suffered losses while investing with Elias Rauch, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.