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Broker Misconduct Investigation: Bobb Meckenstock (Independent Financial Group)

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Updated on: November 18, 2024

National investment loss lawyers KlaymanToskes is investigating broker Bobb Meckenstock (CRD# 1152284) of Osaic Wealth and formerly of Independent Financial Group.

According to FINRA BrokerCheck, broker Bobb Meckenstock is currently involved in a customer complaint alleging $154,000 in damages due to his failure to supervise another representative’s recommendation to invest in a private securities transaction that turned out to be fraudulent/a ponzi scheme.

Investors that suffered losses with broker Bobb Meckenstock are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Bobb Meckenstock?

Investment Losses with Broker Bobb Meckenstock?

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Broker Bobb Meckenstock Faces $154K Complaint

Financial advisor Bobb Meckenstock, of Osaic Wealth and The Ameriflex Group, and formerly of Independent Financial Group, is currently facing a customer complaint alleging $154,000 in damages in connection with his failure to supervise private securities transactions. The customers further allege that Meckenstock was the supervisor/OSJ for another representative who encouraged the investment in a private securities transaction that turned out to be fraudulent/a ponzi scheme. The customers allege that their initial investment was in December 2015 in the amount of $25,000. Thereafter, they made two other investments, one in June 2016 for $20,000 and one in November 2021 for $25,000.

According to FINRA Brokercheck, broker Bobb Meckenstock was previously registered with Independent Financial Group from July 2010 to October 2023 in Hays, KS. Meckenstock was also registered with Main Street Advisors until April 2024. Meckenstock is currently employed with Osaic Wealth and The Ameriflex Group in Hays, KS.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Bobb Meckenstock, or have concerns regarding your investment portfolio at Independent Financial Group, Osaic Wealth, The Ameriflex Group, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.