Advisor Alert: Our Attorneys Are Investigating Theodore Hendrickus Franse For Investment Fraud
Did You Lose Money Because of Theodore Franse?
Filed: March 11, 2024
Theodore Franse (also known as Ted H Franse, Ted Hendrickus Franse, Ted Franse) currently has two (2) pending customer complaints. Overall, he has been the subject of seven (7) customer complaints and one (1) termination event. 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 Theodore Hendrickus Franse.
Who Is Theodore Hendrickus Franse of NI Advisors?
- Advisor Name: Theodore Hendrickus Franse
- Aliases: Ted H Franse, Ted Hendrickus Franse, Ted Franse
- CRD: 1418012
- Location: Fair Oaks, California
- Current Employer: NI Advisors
- Previous Firms: Sandlapper Wealth Management, LLC, Sandlapper Securities, LLC, and Independent Financial Group, LLC
- Number of Known Customer Complaints: 7
- Number of Known Termination Events: 1
- Can Theodore Franse Be Sued: Yes, in Private Arbitration
- Can Theodore Franse’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $50,000
- Highest Settlement: $9,000
If you have suffered investment losses by Theodore Franse, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Theodore Franse For Broker Misconduct
As of this publication date, Theodore Franse has been the subject of 7 customer disputes and 1 termination event. Let’s review them below.
In December 2023, a FINRA arbitration was filed against or in reference to Theodore Franse by a customer of Independent Financial Group, LLC alleging that investment was not suitable and was not in line with client’s stated investment objectives and risk tolerance, and no investment in Northstar. Per the customer, he/she lost over $13,940.75 because of Mr. Franse’s actions. As of this publication date, this claim remains pending.
In March 2023, a FINRA arbitration was filed against or in reference to Theodore Franse by a customer of Independent Financial Group, LLC alleging unsuitable recommendation. Per the customer, he/she lost over $50,000 because of Mr. Franse’s actions. As of this publication date, this claim remains pending.
In May 2021, a FINRA arbitration was filed against or in reference to Theodore Franse by a customer of First Allied Securities, Inc. alleging unsuitable investments. Per the customer, he/she lost over $9,500 because of Mr. Franse’s actions. On May 18, 2022, Mr. Franse settled the claim for $9,000, and some or all of this amount may have been paid by Mr. Franse’s employer and/or insurance carrier.
In March 2018, a FINRA arbitration was filed against or in reference to Theodore Franse by a customer of First Allied and Independent Financial Group, LLC alleging unsuitability in connection with a REIT investment purchased at a prior BD and a REIT investment purchased at this firm in 2014. Per the customer, he/she lost over $5,000 because of Mr. Franse’s actions. On May 18, 2022, Mr. Franse settled the claim.
In May 2017, a complaint was filed against or in reference to Theodore Franse by a customer of Independent Financial Group, LLC alleging that Mr. Franse entered unauthorized equity trade in 2013 and since the position declined, seeks rescission of the trade. Per the customer, he/she lost over $22,300 because of Mr. Franse’s actions. On September 28, 2017, Mr. Franse settled the claim for $7,000, and some or all of this amount may have been paid by Mr. Franse’s employer and/or insurance carrier.
In April 2017, Independent Financial Group, LLC terminated Theodore Franse for alleged violations of firm policy with regard to reuse and administration of customer documentation.
In February 2004, a complaint was filed against or in reference to Theodore Franse by a customer of Sunamerica Securities, Inc. alleging unsuitable mutual fund investments at various times between 1998 and 2003.
In February 2003, a complaint was filed against or in reference to Theodore Franse by a customer of Sunamerica Securities, Inc. alleging that Mr. Franse failed to follow her instructions and made unauthorized trade on the account.
How To File A Claim Against Theodore Franse of NI Advisors (previously with Sandlapper Wealth Management, LLC, Sandlapper Securities, LLC, and Independent Financial Group, LLC) To Get Your Money Back
If you have questions about Theodore Franse, NI Advisors, Sandlapper Wealth Management, LLC, Sandlapper Securities, LLC, Independent Financial Group, LLC, 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.