Minneapolis based broker Jeffrey Scott Olson has been the subject of various customer dispute disclosures involving him on allegations including common law fraud, negligence and unsuitable investment recommendations among others, according to an investigation by attorney Alan Rosca.
Securities attorney Alan Rosca of Rosca Scarlato LLC law firm is investigating conduct related to the various customer dispute disclosures involving Jeffrey Scott Olson . Investors who are concerned about their investments with Olson are encouraged to contact attorney Rosca at 888-998-0530, via email at arosca@rscounsel.law, or by leaving a message though the contact form on this page.
Jeffrey Olson is currently registered as a broker with Northland Securities, and as an investment adviser with Northland Asset Management, both located in Minneapolis, Minnesota. Prior joining Northland, Olson was a registered broker and investment adviser with Stifel, Nicolaus & Company.
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Jeffrey S. Olson Is the Subject of Customer Dispute Disclosures
Publicly available information reviewed by securities attorney Alan Rosca indicates that as of the date of this article, broker Jeffrey Olson is involved in several customer dispute disclosures initiated between August 2019 and July 2020 according to the reports on his FINRA brokercheck page.
The latest customer dispute disclosure was initiated in July 2020. The customer in this dispute alleged violation of federal securities laws and state securities laws while broker Jeffrey Scott Olson was registered with Stifel Nicolaus and Company. In addition to this, the customer also alleged breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence. As a result of this, the customer was seeking to recover $906,374.66 in damages from this dispute.
Another customer dispute was filed with FINRA in June 2020 on similar allegations. In this dispute, the client also alleges the violation of federal securities laws, violation of Minnesota’s Securities Act, violation of Minnesota’s Consumer Protection Act, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence. The client has made a request of $80,354.30 in damages.
As reported on the brokercheck page, another customer dispute was filed in August 2019. The client in this dispute is alleging unsuitable investment recommendations, and unauthorized trading while Jeffrey Olson was registered with Stifel Nicolaus & Company. The client was seeking to recover $90,000 in damages.
Olson Has Customer Dispute Disclosures Reporeted As Settled
Broker Jeffrey Olson has been reportedly involved in customer disputes which have been settled.
According to his brokercheck reports, Olson customer settled a dispute in January 2018. The client alleged inappropriate and unsuitable investments between the period of August 2010 and April, 2015. The client in this dispute initially requested $394,839.12 in damages but the dispute was eventually settled for $110,000. Broker Jeffrey Olson reportedly did not contribute to the settlement.
In another dispute filed in September 2013, a Jeffrey S. Olson client alleged recommendation of highly speculative investments without discussing the risks involved in such investments with the client. The client alleged that this was done between April 2009 and August 2012. The client sought to recover $46,015 in damages but the dispute was eventually settled for $24,500.
According to his Brokercheck, broker Jeffrey Olson was the subject of a FINRA arbitration filed in March 2017. The customer filed a claim against Stifel, Nicolaus & Co. alleging breach of fiduciary duty, negligence, negligent misrepresentation, omission, common law fraud, breach of contract, and negligent supervision, among others. According to an unanimous award signed on June 6, 2018, Stifel, Nicolaus & Co. was found liable and ordered to pay to the claimants $144,967 in compensatory damages, $47,839 in attorneys’ fees, and $23,684 in total costs. The panel also denied the request to remove the award from Jeffrey Olson‘s Brokercheck Report, procedure also known as expungement.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Securities Attorneys Investigating
The securities attorneys of the Rosca Scarlato LLC law firm advise and represent investors who are victims of broker or investment-related fraud and other misconducts and are currently investigating the allegations involving broker Jeffrey Olson that led to various customer dispute disclosures.
It is important to note that the firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of conducts related Jeffrey Olson’s various customer dispute disclosures alleging among others violation of federal, state securities law and unsuitable investment recommendations, may contact attorney Alan Rosca for a free, no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.