Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 28, 2019 indicate that Minnesota-based RBC Capital Markets broker/adviser Joseph Lambrecht has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Lambrecht (CRD# 1156051).
Joseph Lambrecht has spent 35 years in the securities industry and has been registered with RBC Capital Markets in Minnetonka, Minnesota since 2006. Previous registrations include Piper Jaffray & Company in Minneapolis, Minnesota (1995-2006); American Express Financial Advisors in Minneapolis, Minnesota (1983-1995); and IDS Financial Services (1983-1986). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 25, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 30, 1983; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on September 21, 1985; Series 22 (Direct Participation Programs Representative Examination), which he obtained on December 16, 1983; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 30, 1983; and Series 24 (General Securities Principal Examination), which he obtained on March 1, 1994. He is a registered broker and investment adviser with 23 US states and territories: Alabama, Arizona, California, Colorado, the District of Columbia, Florida, Hawaii, Illinois, Iowa, Kentucky, Michigan, Minnesota, Missouri, New Hampshire, New Mexico, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Washington, and Wisconsin.
According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one denied customer complaint.
In December 2018 a customer alleged Joseph Lambrecht, while employed at RBC Capital Markets, did not properly follow funds that were intended for more conservative investments. The customer is seeking $33,000 in damages in the pending complaint.
In 2010 a customer alleged Joseph Lambrecht, while employed at RBC Wealth Management, recommended unsuitable investments and mutual funds with hidden fees. The complaint settled for $17,500.
In 2005 a customer’s son alleged Joseph Lambrecht, while employed at Piper Jaffray & Company, recommended unsuitable mutual fund investments. The claimant sought more than $72,900 in damages in the complaint, which was denied.
If you or someone you know has lost money investing with Joseph Lambrecht, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.