Last Updated: February 2025 (Roseville, CA)
National securities fraud lawyers at Patil Law P.C. are investigating Concorde Investment Services broker Jeffrey L. Bangerter (CRD #1687028) regarding allegations of unsuitable investment recommendations and aggressive investment strategies. The investigation stems from recent customer complaints alleging serious misconduct in the handling of interval funds and REITs in 2024.
Critical Insights About Roseville Financial Advisor Jeffrey Bangerter
- Advisor Name: Jeffrey Lynn Bangerter
- CRD: 1687028
- Location: Roseville, CA
- Current Employer: Concorde Investment Services, LLC
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: 1380 Lead Hill Blvd, Suite 180, Roseville, CA 95661
- Can Jeffrey Bangerter be sued in FINRA arbitration: Yes
- Customer Disputes: Two recent complaints (one pending, one settled)
- Current Registrations: Licensed in 42 states
- Years of Experience: Since 1987
- Previous Employers: Berthel Fisher & Company Financial Services, DFPG Investments, Global Financial Private Capital
- Professional Qualifications: Series 7, 24, 26, 63, 65 licenses
- Business Name: Bangerter Financial Services, Inc. (DBA)
- Current Status: Active with multiple firms
Details Of Current Investigation
Recent customer complaints allege:
- Unsuitable investment recommendations
- Aggressive investment strategies
- Issues with interval funds and perpetual REITs
- Damages alleged exceeding $20,000
- Violations occurring in 2024
- Breach of fiduciary duties
- A recently settled complaint for $85,000
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Investment suitability standards
- Risk disclosure practices
- Due diligence procedures
- Portfolio concentration issues
- Client risk tolerance assessment
- Documentation of investment objectives
- Compliance with fiduciary obligations
Regulatory Framework And Investor Protection
SEC Regulation Best Interest
Reg BI requires:
- Thorough client suitability analysis
- Clear risk disclosures
- Documentation of investment objectives
- Regular portfolio review
- Client best interest prioritization
- Proper risk tolerance assessment
FINRA Rules And Their Significance
FINRA Rule 2111 mandates:
- Reasonable basis suitability
- Customer-specific suitability
- Quantitative suitability
- Documentation of recommendations
- Risk disclosure requirements
- Investment strategy appropriateness
Professional Background
Mr. Bangerter’s career includes:
- Entry into securities industry in 1987
- Multiple firm associations over 35+ years
- Current registrations with multiple entities
- History of regulatory actions
- Prior customer disputes
- Extensive state licensing
Red Flags For Investors
- Multiple recent customer complaints
- History of regulatory actions
- Complex product recommendations
- Multiple business activities
- Recent misconduct allegations
- Prior disciplinary history
- Investment strategy concerns
- Multiple firm affiliations
Implications For Current And Former Clients
Current and former clients should:
- Review all investment recommendations
- Examine portfolio allocations
- Verify risk disclosures
- Check account statements
- Document communications
- Assess investment suitability
- Monitor account activity
- Review fee structures
- Evaluate investment performance
- Consider independent review
Regulatory History
Notable regulatory events include:
- 2007 Utah Insurance Department action
- 2001 NASD disciplinary action
- Multiple customer disputes
- Recent settlement of $85,000
Contact Patil Law P.C. For Help Recovering Investment Losses
If you have concerns about unsuitable investments or questionable recommendations made by Mr. Bangerter, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
