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Did Fortress Wealth Advisor Steven Skipper Misrepresent Investment?

A recent investor complaint against Murfreesboro, Tennessee financial advisor Steven Skipper (CRD# 4265009) alleges that he made misrepresentations that resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Cetera Advisors, doing business as Fortress Wealth Management.

Mr. Skipper’s BrokerCheck report discloses several investor complaints. The most recent, filed in January 2023, alleges that as a representative of LPL Financial, he misrepresented material facts relating to a real estate investment. The pending complaint alleges damages of $400,000.

An earlier investor complaint, filed in 2020, alleged that as an LPL Financial representative, he recommended unsuitably illiquid alternative investments despite the claimants’ desire to purchase safe investments. In 2021 the complaint reached a settlement of $14,900.

In a statement included with the complaint’s disclosure, Mr. Skipper asserted that the investments were suitable to the customers’ objectives at the time of the recommendations. “The customers’ accounts were profitable up until they transferred out to a different brokerage firm,” he wrote.

According to the Financial Industry Regulatory Authority, Steven Skipper holds 22 years of securities industry experience. Based in Murfreesboro, Tennessee, he has been  a broker and an investment advisor with Cetera Advisors since 2021, doing business as Fortress Wealth Management. His registration history includes LPL Financial (Murfreesboro, Tennessee; 2009-2021) and Edward Jones (Murfreesboro, Tennessee; 2000-2009). His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 Alabama, California, Florida, Georgia, Illinois, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, South Carolina, Tennessee, and Utah. (Information current as of February 3, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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