FINRA barred former Independent Financial Group (IFG) broker Brett Arthur Hartvigson of San Diego, California for refusing to cooperate with its investigation into allegations that were part of a complaint.
In 2021, while associated with IFG, Brett Harvgison (CRD #2263087) settled a customer's allegations of overconcentration in alternative investments for $350,000.
The customer alleged overconcentration in their account and indicated the associated product type as real estate investment trusts (REITs) and Business Development Companies (BDCs), which are complex investments often unsuitable for customers with low-to-moderate risk tolerance preferences.
Harvgison's BrokerCheck record lists a history of disclosures even before Hartvigson joined IFG's San Diego branch.
In 2009, LPL Financial discharged Harvgison for circumventing firm policy relative to variable annuity (VA) transactions.
In 2007, then-Thrivent Investment Management broker Hartvigson received another customer complaint, ultimately settled, that alleged loss of liquidity when assets in their brokerage account were moved to purchase fixed annuities and life insurance.
In 2004, while associated with Lutheran Brotherhood Securities Corp, a customer alleged that Hartvigson failed to inform him of the risk involved in purchasing a variable life contract. That complaint was also settled.
And in 2002, Hartvigson's firm settled with a customer who accused him of suitability violations relative to variable universal life products.
If you have invested with former IFG broker Brett Hartvigson, who lists "Phoenix Private Wealth Management" as a dba for his securities business, or with any investment adviser or brokerage firm whose unsuitable recommendations or overconcentration in risky or complex securities such as REITs, BDCs, or VAs has proven harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.