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Ted Franse: REIT Complaint Against Franse Financial Advisor
Fair Oaks financial advisor Ted Franse (CRD# 1418012) has been involved in multiple investor complaints alleging unsuitable recommendations and other forms of misconduct. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with NI Advisors, doing business as Franse Financial Advisors.
Mr. Franse’s BrokerCheck report discloses several investor complaints. The most recent, filed in January 2023, alleges that as a representative of Independent Financial Group, he recommended an unsuitable real estate investment trust. The pending complaint alleges damages of $50,000.
An earlier investor complaint, filed in 2021, alleged that he recommended unsuitable real estate investments while he was at First Allied Securities. In June 2022 the complaint reached a settlement of $9,000. A “Broker Statement” included with the complaint’s disclosure asserts that the firm intended to defend itself against the “meritless” complaint, adding: “There is no evidence that customer was not well-informed and that the investments in question were not suitable. In addition, as noted above, preliminary investigation does not reveal losses.”
A third investor complaint, filed in 2018, alleged that he recommended an unsuitable REIT. The complaint settled with the sponsor’s repurchase of the REIT in question.
A fourth investor complaint, filed in 2017, alleged that he entered an unauthorized equity transaction in 2013. The complaint reached a settlement of $7,000.
According to the Financial Industry Regulatory Authority, Ted Franse holds 37 years of securities industry experience. Based in Fair Oaks, California, he has been a broker and an investment advisor with NI Advisors since 2017, doing business as Franse Financial Advisors. His past registrations include Sandlapper Securities, Independent Financial Group, First Allied Securities, AIG Financial Advisors, SunAmerica Securities, and Pruco Securities Corporation. His credentials include the passage of eight securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Municipal Fund Securities Principal Examination, or Series 51; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 65; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Florida, Hawaii, Idaho, Nevada, South Carolina, Texas, and Washington. (Information current as of March 20, 2023.)
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