Nathan Lundquist (CRD #: 2973417), is facing client allegations that he over-concentrated investments in the energy sector, according to his BrokerCheck record, accessed on August 26, 2020. Mr. Lundquist is a registered advisor with Elevated Asset Management, LLC, and a previously registered broker. If you have questions about these investments, keep reading.
On July 8, 2020, a client alleged that Nathan Lundquist breached his fiduciary duties by over-concentrating his client’s portfolio with energy securities. The energy sector can be quite volatile, making these types of securities only suitable for investors with high risk tolerance. The dispute is pending.
The Financial Industry Regulatory Industry (FINRA) has strict rules about suitability, and how an investor must evaluate an investment for their client. According to FINRA statistics, this is one of the most common claims in investor arbitrations.
If you want to know more about whether your investor has fiduciary obligations, read our blog: “Is My Financial Advisor a Fiduciary?”
Nathan Lundquist has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 24 General Securities Principal Examination. He is a registered investment advisor in Colorado, Idaho, Louisiana, Minnesota, Texas, and Wyoming.
In the course of his career, Mr. Lundquist has worked at the following firms:
- Voya Financial Advisors, Inc. (CRD #: 2882)
- Primevest Financial Services (Inc. (CRD #: 15340)
If Nathan Lundquist 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 your free case consultation with a securities attorney.