Hilgardt Wilhelm Lamprecht (CRD #2866895) Has 4 Customer Dispute Disclosures on FINRA BrokerCheck

Hilgardt Wilhelm Lamprecht (CRD #2866895) is a broker with customer disputes on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 26, 2026. It reflects four customer dispute disclosures. Below, we summarize two examples from that category. BrokerCheck lists two additional customer dispute disclosures. If you invested with Hilgardt Wilhelm Lamprecht and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Hilgardt Lamprecht’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Below are two example disclosures from that category. BrokerCheck lists two additional customer dispute disclosures from 2000 and 2003.

On December 22, 2025, a customer alleged Hilgardt Lamprecht made an unsuitable variable universal life recommendation, failed to disclose compensation conflicts, did not deliver paid planning services, and caused operational problems after termination. The customer requested $45,000 in damages. Hilgardt Lamprecht’s FINRA BrokerCheck Report lists the product as variable universal life and shows the matter is pending. His statement says compensation details and product charges were disclosed in Form CRS and related policy documents, and that the client received ongoing planning guidance.

On April 4, 2006, a customer alleged Hilgardt Lamprecht misrepresented a 1997 variable life insurance policy by presenting it as both an insurance product and an investment vehicle. Hilgardt Lamprecht’s FINRA BrokerCheck Report shows the claim was denied on May 23, 2006. The broker statement says AXA Advisors denied the complaint.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer based on the customer’s investment profile. Claims about unsuitable variable life recommendations often raise questions about risk tolerance, liquidity needs, and whether the product fit the investor.

Rule Summary #2: FINRA Rule 2211 (Communications with the Public About Variable Life Insurance and Variable Annuities)

FINRA Rule 2211 requires communications about variable life insurance to clearly describe the product and present liquidity limits and charges in a balanced way. Complaints about product features, withdrawals, or costs can raise questions about whether those points were explained clearly.

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:

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.

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

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.

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, Hilgardt Lamprecht:

Is currently registered with Madison Avenue Securities, LLC. He is also registered with The Life Wealth Group as an investment adviser representative.

Has passed the Securities Industry Essentials (SIE) exam. Hilgardt Lamprecht has passed Series 24, Series 7, and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include AE Wealth Management, LLC, Global Financial Private Capital, LLC, G.F. Investment Services, LLC, and G.A. Repple & Company.

Kurta Law Can Help

If you have worked with Hilgardt Lamprecht and you have concerns about his activity, 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. Our 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.