Adam Robert Freund (CRD #5726306) Has 3 Customer Dispute Disclosures on FINRA BrokerCheck

Adam Robert Freund (CRD #5726306) was previously registered as a broker and has 3 customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 9, 2026. It reflects one pending customer dispute, one settled customer dispute, and one closed customer dispute. If you invested with Adam Freund and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Adam Freund’s FINRA BrokerCheck Report reflects 3 customer dispute disclosures. Below are summaries of 2 disputes. One additional customer dispute disclosure remains on the report.

On January 28, 2026, a customer filed a pending civil case involving the transfer of about $371,000 into a fixed annuity. The complaint alleged misrepresentation, breach of contract, breach of fiduciary duty, and wrongfully obtained compensation. Adam Freund’s FINRA BrokerCheck disclosure states that he denied the claims and expected the matter to be resolved favorably. Adam Freund’s FINRA BrokerCheck lists the court as the Third Judicial Circuit of Michigan, Wayne County, and the case number as 26-001415-CZ.

On February 5, 2018, a customer dispute was reported as settled. The customer alleged Adam Freund sold unsuitable and fraudulent municipal debt investments in October 2013 and sought $34,920. Adam Freund’s FINRA BrokerCheck shows the matter settled for $20,000 with no individual contribution by Adam Freund. Adam Freund’s FINRA BrokerCheck statement says he was not named as a defendant and did not take part in the settlement.

Rule Summary #1:

FINRA Rule 2111 (Suitability) requires a reasonable basis for a recommendation. It also requires a broker to match a recommendation to the customer’s profile. Complaints about unsuitable investments often raise questions about those duties.

Rule Summary #2:

FINRA Rule 2020 bars the use of manipulative, deceptive, or other fraudulent devices in securities transactions. Claims based on misrepresentation or misleading sales conduct can implicate this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Adam Freund:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Adam Freund has also passed Series 7 and Series 66.

Was previously registered with firms that include Citizens Securities, Inc. and Edward Jones.

Kurta Law Can Help

If you worked with Adam Freund and have concerns about your investments, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful Resources: Unsuitable Investments | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.