Thomas Endersbe Allegedly Misrepresented BDC and REIT Investments

Thomas Endersbe (CRD #: 1407028), a broker registered with SagePoint Financial, allegedly misrepresented investment products, according to his BrokerCheck record, accessed on April 28, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On February 28, 2023, an investor alleged that Thomas Endersbe misrepresented real estate investment trust (REIT) and Business Development Company (BDC) investments. The client seeks $70,000 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulation, deception, and other fraudulent tactics to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s risks, requirements, or potential returns.

What are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without needing to maintain the properties themselves. However, REITs tend to be illiquid, which makes them unsuitable for some investors.

What are BDCs?

Business Development Companies (BDCs) extend loans to small and medium-sized companies, typically those that are distressed. While the high interest rates charged by BDCs can mean high returns for investors, the possibility of the company defaulting on the loan and other risks can make BDCs unsuitable for some investors.

Background Information

Thomas Endersbe has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

Thomas Endersbe is a registered broker in 40 states and a registered investment adviser in 19 states.

He has also worked for the following firms:

• Ameriprise Financial Services (CRD#:6363)
• IDS Life Insurance Company (CRD#:6321)
• American Express Financial Advisors (CRD#:6363)
• IDS Financial Services (CRD#:6320)

Kurta Law Can Help

If you worked with Thomas Endersbe 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 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.