Rubicon Capital’s David Braeger Charged by FINRA

FINRA charges David Braeger of Rubicon Capital

David Braeger Charged by FINRA

In a complaint filed by the FINRA Department of Enforcement in July, 2016 David Braeger of Bayside, Wisconsin was charged with misusing customer funds and failing to return funds to the customers.  The allegations include charges that the Barager misused customer funds intended for an investment in his Rubicon Capital Appreciation Fund.  According to the complaint, Braeger took $30,000 from the customers and failed to return the funds, despite the fact that he had closed Rubicon Capital.  He also represented that Rubicon Capital had been performing soundly, and even provided the customers with statements showing the funds had been invested as initially represented.

The claim filed by FINRA is not final, and until the allegations have been proven in a court of law, no adverse inferences should be drawn.

David Braeger’s registration and disciplinary history

In order to lawfully sell investments to the public, one must either be registered or exempt from registration. David Braeger was registered with

01/2014 – 07/2014
05/2012 – 02/2013
01/2012 – 05/2012
10/2008 – 01/2012

According to FINRA’s CRD disclosure report, David Braeger has been the subject of one regulatory investigation.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.

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