Brian Dreier: $268K REIT Complaint Against Heartland Financial Advisor

Quincy, Illinois financial advisor Brian Dreier (CRD# 2462344) recently received an investor complaint alleging that he provided misleading advice regarding REIT investments. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cambridge Investment Research, doing business as Heartland Financial Advisors.

Mr. Dreier’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Cambridge Investment Research, he was negligent in his recommendation of illiquid real estate investment trust (REIT) products and misrepresented the investments as safe. The pending complaint alleges damages of $268,000.

Heartland Financial Advisors’ website includes a profile of Mr. Dreier that describes his background and experience. “As the financial world becomes more complex, it is comforting to know that he can draw on those years of experience for his clients,” it states. “Brian’s career has ranged from helping a newlywed couple establish an IRA … to helping retirees evaluate their investment portfolio and estate plan … to helping his business clients tailor a benefit program for their employees … He thrives on the varied challenges each scenario presents.”

According to the Financial Industry Regulatory Authority, Brian Dreier holds 29 years of securities industry experience. Based in Quincy, Illinois, he has been registered as a broker and an investment advisor with Cambridge Investment Research since 2016, doing business as Heartland Financial Advisors. His past registrations include TransAmerica Financial Advisors, MML Investors Services, SunAmerica Securities, American Express Financial Advisors, and IDS Life Insurance Company. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Massachusetts, Missouri, South Dakota, Texas, Virginia, Washington, and West Virginia. (Information current as of April 14, 2024.)

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