Steven Kraut was a Minnesota based securities broker. He worked in the securities industry for thirty-four years. During his career, he was registered with nine different securities firms.
His registrations include; FDI Securities (1983), Consolidated Resources (1983-1988), C.R.I. Securities (1988-1994), Mimlic Sales Corporation (1991-1994), Fortis Investors (1994-1996), FSC Securities Corporation (1996-2005), United Securities Alliance (2005-2007), Royal Alliance Associates (2007), and Independent Financial Group (2007-2017). He is no longer working as a registered securities broker in any fashion.
Steven Kraut’s publicly available FINRA BrokerCheck report shows that he received a customer complaint in September 2017. The customer, in this case, alleged unsuitable investments, breach of fiduciary duty, and unauthorized payments. The alleged transgressions taking place between 2008 and 2011. This case was settled for $325,000 in damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Steven Kraut, please contact Oakes & Fosher for a free and private consultation.