Seth Renaud (CRD #: 4946831), a broker registered with Commonwealth Financial Network, is facing a client dispute regarding unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 24, 2020. See below to find out why the investor alleged these investments were unsuitable.
On October 16, 2020, a client alleged that Mr. Renaud recommended unsuitable investment recommendations, including REITs and energy securities. These are both highly risky types of investments that are not suitable for investors with conservative goals. The client is seeking $161,355; the dispute is pending.
Seth Renaud has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 31 Futures Managed Funds Examination, Series 22 Direct Participation Programs Representative Examination, the Series 62 Corporate Securities Limited Representative Examination, the Series 6 Investment Company Products / Variable Contracts Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in 35 states and a registered investment adviser in Connecticut.
Seth Renaud has worked at one other firm besides Commonwealth Financial Network (CRD #: 8032):
- PFS Investments (CRD #: 101111)
If Seth Renaud was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation with a securities attorney.