New Jersey Bureau of Securities

WURDEMANN ENGAGED IN DISHONEST OR UNETHICAL PRACTICES IN THE SECURITIES BUSINESS. WURDEMANN IS THE SUBJECT OF AN ORDER OF A SELF-REGULATORY ORGANIZATION EXPELLING HIM FROM A SELF-REGULATORY ORGANIZATION.

Order

Revocation

The agent registration of Brian M. Wurdemann is REVOKED. The investment adviser representative registration of Brian M. Wurdemann is REVOKED. All exemptions contained in N.J.S.A. 49:3-50 subsection (a) paragraph 9, 10, and 11, and subsection (b), are hereby DENIED as to Wurdemann. The exemptions to the registration requirements provided by N.J.S.A. 49:3-56(b), N.J.S.A. 49:3-56(c), and N.J.S.A. 49:3-56(g), are hereby DENIED as to Wurdemann.

Former client alleges that her financial advisor placed trades without first discussing them with her and without discretionary authority; that FA did not explain the risks and suitability of each trade; and that FA failed to invest in suitable investments.

$1,800,000.00

$395,000.00

FINRA

Respondent Wurdemann failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

All Capacities

Indefinite

Continues until required payment is made or discharged.

3/27/2023

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Wurdemann is suspended on March 27, 2023 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Client alleged he provided a loan to the advisor in January 2022 and has yet to receive any re-payments as promised from the advisor.

$355,000.00

FINRA

Respondent Wurdemann failed to respond to FINRA requests for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

2/21/2023

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated November 16, 2022 and December 12, 2022, respectively, on February 21, 2023, Wurdemann is barred from association with any FINRA member in all capacities. Wurdemann failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

The client alleged he was not made aware of the downside risk of a structured note he purchased on November 15, 2017.

$51,552.17

$14,000.00

Allegations as state by Claimant: Time frame: 2012-2018 Allegations: Claimant alleges that his financial advisor mispresented the nature of three mutual fund investments.

$1,000,000.00

$385,000.00

Claimants alleged, inter alia, misrepresentation with respect to investments - June 2009 to July 2011

$44,179.49

$170,000.00

After a hearing, the Panel denied Claimants' claims against Respondent Morgan Stanley, however, during FA's time with UBS Claimants' were awarded $170,000.00.

Time Frame: 2016 Client alleges that FA was instructed to close out the rate lock swap for the client. Client alleges this did not happen and cost $36,000 in additional costs.

TIME FRAME: FEBRUARY 2, 2011 TO DECEMBER 2, 2013 CLIENT'S SON WHO HAS AUTHORITY ALLEGES SHORT POSITIONS WERE NOT SUITABLE FOR A 77 YEAR OLD. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5,000.00.

$125,000.00

THE CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION.

$500,000.00

$95,000.00

THIS MATTER WAS SETTLED TO AVOID THE RISK AND EXPENSE OF ARBITRATION. THE REPRESENTATIVE WAS NOT ASKED TO CONTRIBUTE, AND DID NOT CONTRIBUTE, TO THE SETTLEMENT.

CLIENT ALLEGES THAT FINANCIAL ADVISOR FAILED TO PROPERLY ADVISE HIM OF RISKS AND FAILED TO MINIMIZE LOSSES.

$465,097.00

CUSTOMER COMPLAINT MORPHED INTO AN ARBITRATION IN WHICH MR. WURDEMANN WAS NOT NAMED AS A RESPONDENT.