Steve Menke: Strategic Wealth Advisor Faces Oil & Gas Complaint

A recent investor complaint against Lawrence, Kansas financial advisor Steve Menke (CRD# 4548579) alleges that his advice resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cambridge Investment Research and that he is a representative of Strategic Wealth.

Mr. Menke’s BrokerCheck report discloses one investor complaint. Filed in March 2025, it alleges that as a representative of Cambridge Investment Research, he recommended an oil and gas investment “for the purpose of generating high commissions and fees,” depriving the claimants “of the ability to generate reasonable returns that would have been received in a diversified portfolio.” The pending complaint alleges unspecified damages.

A section on Mr. Menke’s LinkedIn profile describes his experience and services as a financial planner and an investment advisor. “Steve Menke specializes in helping clients gain control of their financial situation through a customized financial planning process,” it explains. “Mr. Menke uses a step-by-step planning process. His extensive experience as a corporate executive makes him uniquely qualified to assist clients to plan for a secure financial future.”

According to the Financial Industry Regulatory Authority, Steve Menke holds 23 years of securities industry experience. Based in Lawrence, Kansas, he has been registered as a broker and an investment advisor with Cambridge Investment Research since 2012. His past registrations include Lincoln Financial Advisors Corporation (Overland Park, Kansas; 2005-2012), the Lincoln National Life Insurance Company (Fort Wayne, Indiana; 2005-2006), Raymond James Financial Services (Lawrence, Kansas and St. Petersburg, Florida; 2003-2005), and USAllianz Securities (Minneapolis, Minnesota; 2002-2003). His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Colorado, Florida, Iowa, Kansas, Missouri, Ohio, Oklahoma, Texas, and Utah. (Information current as of July 20, 2025.)

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.