Conrad Coggeshall, formerly with Packerland Brokerage Services, Subject of Arizona Complaint
Have you lost money with financial advisor Conrad Coggeshall of Scottsdale, Arizona? We are investigating allegations made the Arizona Corporation Commission against Coggeshall. Arizona alleged that Coggeshall raised funds for investments in Business Owners Tax Relief (BOTR) but really used investor funds for personal expenses.
Coggeshall was previously the subject of a complaint by the Securities and Exchange Commission (SEC). The SEC alleged that Coggeshall raised funds from investors for a company called BOTR, LLC. The company allegedly was successful in mergers and acquisitions, but in reality, BOTR (or Business Owners Tax Relief) was a company owned by Coggeshall and had no involvement in mergers and acquisitions. Instead, the SEC alleged that Coggeshall used investor funds for personal expenses and to trade securities, which suffered substantial losses.
Conrad A. Coggeshall was a financial advisor and registered representative of Packerland Brokerage Services from June 2015 to January 2018. He worked at branch offices in Scottsdale, Arizona. Besides owning Business Owners Tax Relief, Coggeshall also owned and operated Arrowhead Wealth Management.
Brokerage firms like Packerland Brokerage Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Denver, Colorado; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including Arizona. Attorney Aaron Israels is licensed in Arizona. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Packerland Brokerage Services.