Advisor Alert: Our Attorneys Are Investigating Jeffrey Alan Gielau For Investment Fraud
Did You Lose Money Because of Jeffrey Gielau?
Filed: March 19, 2024
Jeffrey Gielau (also known as Jeff Gielau) has been the subject of four (4) regulatory events, three (3) termination events, three (3) customer complaints, and one (1) civil bond. 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 Jeffrey Alan Gielau.
Who Is Jeffrey Alan Gielau of Fortune Financial Services, Inc.?
- Advisor Name: Jeffrey Alan Gielau
- Aliases: Jeff Gielau
- CRD: 2378363
- Location: Orange, California
- Current Employer: Fortune Financial Services, Inc.
- Previous Firms: Financial West Group and Torrey Pines Securities, Inc.
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 4
- Number of Known Termination Events: 3
- Number of Known Civil Bonds: 1
- Can Jeffrey Gielau Be Sued: Yes, in Private Arbitration
- Can Jeffrey Gielau’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $68,368.14
If you have suffered investment losses by Jeffrey Gielau, 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 Jeffrey Gielau For Broker Misconduct
As of this publication date, Jeffrey Gielau has been the subject of 4 regulatory events, 3 termination events, 3 customer disputes, and 1 civil bond. Let’s review them below.
In December 2023, a complaint was filed against or in reference to Jeffrey Gielau by a customer of Fortune Financial Services, Inc. alleging that Mr. Gielau took advantage of the client’s health to inappropriately withdraw money from her annuity. Per the customer, she lost over $55,000 because of Mr. Gielau’s actions.
In December 2022, a complaint was filed against or in reference to Jeffrey Gielau by multiple customers of Fortune Financial Services, Inc. alleging that Mr. Gielau recommended variable annuities that had excessive fees. Per the customers, they lost over $1,000,000 because of Mr. Gielau’s actions.
In June 2013, California Department of Insurance initiated a regulatory action against or in reference to Jeffrey Gielau for improperly having his non-licensed sales assistant sign as agent of record on a variable annuity form.
In December 2012, FINRA initiated a regulatory action against or in reference to Jeffrey Gielau for having his non-licensed sales assistant sign as agent of record on a customer’s variable annuity replacement form.
In February 2012, Financial West Group terminated Jeffrey Gielau for allowing an unregistered assistant to sign an insurance document though the assistant was not properly licensed to do so.
In January 2010, FINRA initiated a regulatory action against or in reference to Jeffrey Gielau for altering member firm’s documents in connection with transactions requested by customers.
In September 2009, State of Indiana Department Of Insurance initiated a regulatory action against or in reference to Jeffrey Gielau.
In July 2009, Broker Dealer Financial Services Corp terminated Jeffrey Gielau for allegedly violating the terms of his financial associate agreement by soliciting thrivent clients, alleged use of ‘confidential business information’ and alleged use of customer information without the customer’s prior consent in accordance with regulation S-P.
In July 2009, a complaint was filed against or in reference to Jeffrey Gielau by a customer of Thrivent Investment Management Inc alleging that Mr. Gielau’s mismanagement of the account opened November 2005 and his failure to follow instructions in July 2008 resulted in market loss in the account. The firm found that Mr. Gielau delayed making trades customers requested. Per the customer, he/she lost over $120,956.85 because of Mr. Gielau’s actions. On October 5, 2009, Mr. Gielau settled the claim for $68,368.14, and some or all of this amount may have been paid by Mr. Gielau’s employer and/or insurance carrier.
In March 2009, Thrivent Investment Management Inc. terminated Jeffrey Gielau.
In November 2008, Jeffrey Gielau had a civil bond revoked.
How To File A Claim Against Jeffrey Gielau of Fortune Financial Services, Inc. (previously with Financial West Group and Torrey Pines Securities, Inc.) To Get Your Money Back
If you have questions about Jeffrey Gielau, Fortune Financial Services, Inc., Financial West Group, Torrey Pines Securities, 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.