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Richard Reiser Involved in Investor Dispute

Richard Reiser (CRD #: 4448642), a broker registered with Avantax Investment Services, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on April 1, 2025. Investors may have also worked with him through Avantax Advisory Services. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On February 12, 2025, an investor alleged that Richard Reiser failed to withhold taxes on her 2023 IRA distribution. The client also alleged that she did not sign an IRA distribution form for 2023. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. It’s still possible to recover damages following a denial and investors may want to pursue FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Richard Reiser has passed the following exams:

  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Investment Company Products/Variable Contracts Representative Examination – Series 6
  • Uniform Securities Agent State Law Examination – Series 63
  • Uniform Investment Adviser Law Examination – Series 65

Richard Reiser is a registered broker and a registered investment adviser in Louisiana.

He has also worked for InterSecurities (CRD#:16164).

Kurta Law Can Help

If you worked with Richard Reiser and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. 

 

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