Advisor Alert: Our Attorneys Are Investigating Craig Eugene Friedrichsen For Investment Fraud
Did You Lose Money Because of Coach Craig of Prudential Financial Planning Services (previously with Voya Financial Advisors)?
Filed: October 20, 2023
Coach Craig (Craig Friedrichsen) currently has one (1) pending customer complaint. Overall, he has been the subject of five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Craig Eugene Friedrichsen.
Who Is Craig Eugene Friedrichsen of Prudential Financial Planning Services and Pruco Securities, LLC?
- Advisor Name: Craig Eugene Friedrichsen
- Aliases: Coach Craig
- CRD: 2774629
- Location: Overland Park, Kansas
- Current Employer: Prudential Financial Planning Services and Pruco Securities, LLC
- Previous Firms: Voya Financial Advisors, Inc. and H&R Block Financial Advisors, Inc.
- Number of Known Customer Complaints: 5
- Can Craig Friedrichsen Be Sued: Yes, in Private Arbitration
- Can Craig Friedrichsen’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $105,000
- Highest Settlement: $42,500
If you have suffered investment losses by Craig Friedrichsen, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Craig Friedrichsen For Broker Misconduct
As of this publication date, Coach Craig has been the subject of 5 customer disputes. Let’s review them below.
In January 2023, a complaint was filed against or in reference to Coach Craig by customers of Voya Financial Advisors, Inc. alleging that Mr. Friedrichsen recommended investments that were largely concentrated in illiquid, speculative, low-quality, and high commission non-traded real estate investment trusts and Business Development Companies. Per the customers, they lost over $50,000 due to Mr. Friedrichsen’s actions.
In November 2021, a FINRA arbitration was filed against or in reference to Coach Craig by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Friedrichsen sold alternative investments which were misleadingly represented as low risk, safe and suitable investments in 2015. Per the customers, they lost over $100,001 due to Mr. Friedrichsen’s actions. On April 5, 2023, Mr. Friedrichsen settled the claim for $42,500, and some or all of this amount may have been paid by Mr. Friedrichsen’s employer and/or insurance carrier.
In September 2021, a FINRA arbitration was filed against or in reference to Coach Craig by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Friedrichsen sold alternative investments which were misleadingly represented as low risk, safe and suitable investments. Per the customers, they lost over $105,000 due to Mr. Friedrichsen’s actions.
In December 2017, a complaint was filed against or in reference to Coach Craig by a customer of Voya Financial Advisors, Inc. alleging that Mr. Friedrichsen never made the client aware that the REIT company retained the right to stop paying cash dividends in favor of dividend reinvestment. Per the customers, he lost over $5,000 due to Mr. Friedrichsen’s actions.
In January 2009, a complaint was filed against or in reference to Coach Craig by a customer of H&R Block Financial Advisors alleging that Mr. Friedrichsen set up 72t payments in a manner designed to avoid adversely impacting her lifetime withdrawal guarantee amount. The client adds that Mr. Friedrichsen submitted the 72t calculation to Metlife for review; however, Metlife would not affirm or deny the accuracy of the proposed 72t amounts, and the 72t payments resulted in a reduction of client’s lifetime withdrawal guarantee amount. There was no exact alleged damage amount. On July 28, 2009, Mr. Friedrichsen settled the claim for $5,022.35, and some or all of this amount may have been paid by Mr. Friedrichsen’s employer and/or insurance carrier.
How To File A Claim Against Craig Friedrichsen of Prudential Financial Planning Services and Pruco Securities, LLC (previously with Voya Financial Advisors, Inc. and H&R Block Financial Advisors, Inc.) To Get Your Money Back.
If you have questions about Craig Friedrichsen, Prudential Financial Planning Services, Pruco Securities, LLC, Voya Financial Advisors, Inc., H&R Block Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.