Russ Fieger: $325K Complaint Against Ex-Crown Capital Advisor

Overland Park, Kansas financial advisor Russ Fieger (CRD# 4122326) recently received an investor complaint alleging that he recommended an unsuitable alternative investment. Financial Industry Regulatory Authority records show that he is registered as a broker with Colorado Financial Service Corporation and an investment advisor with Cornerstone Securities.

Mr. Fieger’s BrokerCheck report discloses two investor complaints. The most recent, filed in October 2024, alleges that as a representative of Crown Capital Securities, he breached his fiduciary duty, recommended an unsuitable alternative investment, misrepresented and omitted material information, and over-concentrated the customer’s account. The pending complaint alleges damages of $325,000.

An earlier investor complaint, filed in 2010, alleged that as a representative of Cornerstone Securities, he recommended unsuitable investments. In 2014 the complaint reached a settlement of $86,600.

A third disclosure on Mr. Fieger’s BrokerCheck report concerns a sanction against him by securities regulators in Kansas. Filed in 2014, it alleged that he breached his fiduciary duty and recommended an unsuitable investment in exchange-traded funds. He was ordered to pay $86,000 in restitution.

According to the Financial Industry Regulatory Authority, Russ Fieger holds 24 years of securities industry experience. Based in Overland Park, Kansas, he has been registered as a broker with Colorado Financial Service Corporation since 2024 and an investment advisor with Cornerstone Securities since 2006. His registration history includes LPL Financial, Crown Capital Securities, Blue River Capital, Brookstone Securities, Brookstone Investment Advisory Services, Quantum Financial Partners, Cambridge Investment Research, Prudential Financial Planning Services, and Pruco Securities. 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 Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alaska, California, Florida, Illinois, Kansas, Missouri, North Carolina, and Texas. (Information current as of November 17, 2024.)

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