Public records published by the Financial Industry Regulatory Authority (FINRA) on July 11, 2016 indicate that former Indiana-based Key Investment Services broker Christopher Herrmann has received resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Herrmann (CRD# 4123657).
Christopher Herrmann has spent 15 years in the securities industry and was most recently registered with Key Investment Services in Greenwood, Indiana (2011-2015). Previous registrations include David A. Noyes & Company in Indianapolis, Indiana; Morgan Keegan & Company in Indianapolis, Indiana; PFIC Securities Corporation in Franklin, Tennessee; Merrill Lynch in New York, New York; Northwestern Mutual Investment Services in Milwaukee, Wisconsin; and Robert W. Baird & Company in Milwaukee, Wisconsin. He is currently not registered with any state or firm.
According to his BrokerCheck report, Christopher Herrmann has received five customer complaints and was terminated from his previous employer.
In March 2016, a customer alleged Christopher Herrmann, while employed at Key Investment Services, engaged in “misrepresentation in the switching of $50,000 from Victory Diversified Stock Fund Class A to Putnam Capital Spectrum Fund Class A.” The complaint settled for $3,105.
In April 2015, Christopher Herrmann was terminated from his position at Key Investment Services after the firm received a customer complaint “identifying transactions that were processed outside of the firm’s switch disclosure policy.”
In April 2015, a customer alleged Christopher Herrmann, while employed at Key Investment Services, omitted material facts on a variable annuity application and “recommended the sale of two fixed annuity contracts instead of a 1035 exchange in facilitating the purchase of a $450,000 variable annuity contract.” The complaint settled in December 2015 for $18,826.
In 2009, a customer alleged Christopher Herrmann, while employed at Morgan Keegan & Company, misrepresented the risk of an investment in RIBCX. The complaint settled for more than $12,000.
In 2009, a customer alleged Christopher Herrmann, while employed at Morgan Keegan & Company, misrepresented material facts and recommended an unsuitable mutual fund investment. The complaint settled in 2010 for $210,000.
In 2007, a customer alleged Christopher Herrmann, while employed at Morgan Keegan & Company, misrepresented material facts, breached his fiduciary duty, and recommended an unsuitable mutual fund. The complaint settled in 2008 for $72,000.
If you or someone you know has a complaint regarding Christopher Herrmann call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.