Craig Friedrichsen Facing Misrepresentation Allegations

Craig Friedrichsen (CRD #:2774629), a registered broker with Pruco Securities, is involved in an investor dispute, according to his BrokerCheck record, accessed on October 27, 2021. He is also a registered investment advisor with Prudential Financial Planning Services.

Investor Allegations

On September 9, 2021, an investor alleged that Craig Friedrichsen sold investments that were misleadingly represented as low-risk, safe, and suitable investments. The investor is seeking a settlement of $105,000.00; the dispute is pending.

A misrepresentation is an affirmative act of making a false or misleading statement, while an omission is the failure to disclose essential facts. Negligently or intentionally making misrepresentations or failing to disclose any material information can result in losses and damages to an investor’s portfolio. 

According to the allegations, Craig Friedrichsen violated FINRA Rule 2020 and 2010. 

FINRA Rule 2020

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations of fact to induce an investor in connection with the sale or purchase of an investment. Misrepresentation also violates The Securities Act of 1933, which prohibits deceit, misrepresentation, and other fraud in the sale of securities. 

FINRA Rule 2010

Craig Friedrichsen’s alleged conduct is also unethical and violates FINRA Rule 2010, which states the brokers must uphold the highest standards of commercial honor.

Craig Friedrichsen Background Information

Craig Friedrichsen has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Craig Friedrichsen is a registered broker in 8 states. He is a registered investment adviser in 3 states.

Besides Pruco Securities and Prudential Financial Planning Services, Craig Friedrichsen has also worked with the following firms:  

• Voya Financial Advisors (CRD#:2882)
• H&R Block Financial Advisors (CRD#:5979)
• ING Financial Advisers (CRD#:34815)

 Kurta Law Can Help

If you have worked with Craig Friedrichsen and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Please contact us today if you would like us to evaluate your potential case.