Glen Earl Riesterer (CRD#2407255)

The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Glen Earl Riesterer (CRD#2407255) regarding allegations made regarding the following:

Claim(s) Made Against Glen Earl Riesterer:

Claim Date: 8/21/2023

“[REDACTED] states she and her husband purchased this annuity from Glen Riesterer who was the owner president of Riesterer financial. She states Glen told them they would receive 10% interest for 10 years and when the contract is up they will get a letter and they can come into his office with their daughters to discuss. [REDACTED] states they received statements throughout the ten years with the values changing, however when she asked Glen about the statements he told her they were locked in at the 10% and the statements were computer printouts. [REDACTED] states Glen passed away, so someone else took over. They didn‘t receive the letter they were expecting in July, so they contacted the financial professional and Nationwide. She states they were counting on the $195,665 and they weren‘t told they could only get it over twenty years. They were planning to take their original $100,000 and the remaining $95,665 they would receive income over 10 years. They didn‘t expect it would take them 20 years to get the $195,665 because this would make [REDACTED]almost 100. [REDACTED] states they transferred the funds in the Nationwide account to Athene because they wanted a stable account and a guaranteed return at their ages. The amount transferred was $118,921.74 and since they were expecting the $195,665 they are asking for the additional funds sent to them or payments for the 10-year period on the remaining amount.”

This claim, as of this posting, is currently Pending with a claim amount of $66,744.00 .

See more information on FINRA’s BrokerCheck site for Glen Earl Riesterer.

Did you have a negative experience with Glen Earl Riesterer?

If you were a customer of Glen Earl Riesterer and had a similar issue or experience, we are interested in discussing a potential claim with you. Brokerage firms have a responsibility to supervise all representatives who are registered through their firm. (See our video “Warning signs of a bad financial advisor”). Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. The brokerage firm is not only legally responsible for the acts of its agents, like Glen Earl Riesterer, the broker dealer may also be liable for investment losses sustained by customers for a failure to supervise. The Securities Lawyers at Halling & Cayo, S.C. have recovered millions of dollars for investors across the country.

The Securities Lawyers have recovered millions of dollars for investors across the country and are currently investigating the possibility of bringing claims on behalf of individual or group investors who have suffered losses. If you were a customer of Glen Earl Riesterer and experienced investment losses, please contact the Securities Lawyers. We only receive payment if we are able to recover your money, and you may be eligible for financial compensation. It is important to note that there may be time limits or statutes of limitations that apply to your claim, so it is crucial to speak with an attorney as soon as possible.


Contact The Securities Lawyers

Name(Required)

Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.