Brett Straub Involved in $300,000 Dispute

Brett Straub (CRD# 2118331[1]), a broker registered with Osaic Wealth, recommended unsuitable investments, according to a recent dispute. MDF Law is investigating the Haddon Heights, New Jersey-based financial professional, who is also a representative of The Straub Group Advantage, for similar conduct. If you are a current or former client with concerns about your investments, contact us for a free consultation. 

To learn more about the allegations against Mr. Straub, continue reading this post. The information below is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority record accessed on October 14, 2024. 

Dispute Alleges Misrepresentation, Unsuitability

On July 2, 2024, an investor filed a dispute involving Mr. Straub. According to a disclosure on his BrokerCheck record, the claim alleges that he made misrepresentations and unsuitable recommendations relating to a suspense investment account. The dispute, which is still pending, seeks $300,000 in damages.

Firm Denied Past Dispute

The above-described pending dispute is not the only one in Mr. Straub’s professional history. In December 2008, another investor lodged a dispute alleging that he made an unsuitable recommendation. The claim sought more than $3,000 in damages and was denied by his firm. “Client claims no damages but has paid $9270 of premium into the policy in question,” reads a “Broker Statement” in his BrokerCheck record. “All allegations have been refunded and my recommendations have been proven suitable and appropriate.”

Brett Straub’s Professional Background

As his BrokerCheck record notes, Mr. Straub is a representative of The Straub Group Advantage. Based in Haddon Heights, New Jersey, the firm offers securities through Osaic Wealth, according to its website[2]. That website also features a profile of Mr. Straub that outlines his history and process as a financial professional. “[He] has a passion for helping successful people reach their financial goals while protecting their families and businesses,” it reads. “Brett provides full service, fee -based financial planning and can help build a team around you using The Straub Group AdvantageTM, a six-step process to assure you have enough. As a former quarterback, Brett is qualified to help develop and execute your financial game plan.”

FINRA: Broker Based in Haddon Heights, New Jersey

Brett Straub launched his career as a broker in 1991. That year, he registered with Carillon Investments’ branch office in Cincinnati, Ohio. Over the following years, he went on to work with firms including John Hancock Mutual LIfe Insurance Company, Principal Securities, and SagePoint Financial. He registered as an investment adviser with The Ameriflex Group in 2022, then as a broker with Osaic Wealth in 2023. He is still registered with Osaic and Ameriflex today, based in Haddon Heights, New Jersey.

MDF Law Has Your Back

Did you lose money on investments recommended by Brett Straub? MDF Law may be able to help you recover damages. Call our seasoned investment fraud attorneys[3] at 800-767-8040 for a consultation about your case. Our clients only pay a fee if they recover losses, and we currently provide free consultations across the US. You may have a limited window to take action, so don’t delay: call MDF Law today.