In July 2023, US-based cryptocurrency investment firm and registered investment adviser CoinFund announced that it had closed its $158 million...Read More
Peter Reinecke: $10mm Investor Complaint Against St. Louis Advisor
St. Louis broker and financial advisor Peter Reinecke (CRD# 2085940) has received an investor complaint alleging eight-figure damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Saxony Securities and Saxony Capital Management.
Mr. Reinecke’s BrokerCheck report discloses one investor complaint against him. It alleges that he misrepresented and omitted material facts, causing “a majority of their assets to be concentrated in speculative and illiquid private companies.” The complaint alleges further that he borrowed money from the customers and “had a personal interest in the private companies where [he] represented [their] funds.” The pending complaint alleges damages of $10 million.
According to the Financial Industry Regulatory Authority, Peter Reinecke holds 31 years of securities industry experience. Based in St. Louis, Missouri, he has been a representative of Saxony Securities since 2012. His past registrations include LPL Financial (Sunset Hills, Missouri; 1995-2012) and Cigna Financial Advisors (Radnor, Pennsylvania; 1990-1995). His credentials include the passage of nine securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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, Florida, Illinois, Michigan, Missouri, and Texas. (Information current as of May 25, 2022.)
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.