Rodney Potratz Involved in a Mutual Fund Dispute

Rodney Potratz (CRD #: 2367896), a broker registered with Osaic Wealth, is the subject of his third investor dispute. This disclosure appears on his BrokerCheck record, accessed on December 20, 2023. Details concerning this dispute are provided below. 

On November 12, 2023, an investor alleged that Rodney Potratz recommended a closed-end interval fund and another mutual fund investment that were not in her best interest. 

Regulation Best Interest 

Regulation Best Interest (Reg BI) stipulates several requirements brokers must meet when recommending securities. For instance, brokers must employ reasonable care and skill to only recommend investments that are in their customers’ best interests and do their due diligence to understand how a financial product works. Furthermore, brokerage firms are required to take reasonable steps to eliminate conflicts of interest and disclose conflicts of interest to their customers.

Previous Investor Dispute

On November 21, 2019, an investor alleged that Rodney Potratz recommended inappropriate alternative investments. The investor sought $6,000,0000 but the dispute settled for $125,000. Alternative investments are often unsuitable because of their high degree of risk. 

Background Information 

Rodney Potratz 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 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 29 states and is a registered investment adviser in 14 states. 

During his 30 years of experience, Rodney Potratz has registered with the following five firms: 

• Osaic Wealth (CRD #: 23131) 
• FSC Securities Corporation (CRD #: 7461) 
• Diversified Financial Advisory Group (CRD #: 115236) 
• AXA Advsisors (CRD #: 6627) 
• The Equitable Life Assurance Society of the United States (CRD #: 4039) 

Kurta Law Can Help 

If you have worked with Rodney Potratz and have concerns about your investments, do not hesitate to contact us 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 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. Do not let securities fraud go unchecked. Start your recovery process today.