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Brian Korienek: Engaged in a Scam & Misrepresentation? Unveiled (Review)

Brian Korienek is an unreliable finance advisor with a long history of misrepresentation and scam. Avoid doing business with him at all costs.
3/10 (Expert Score)
Product is rated as #193 in category Consumer Reviews

Brian Korienek is a shady financial advisor who runs Goldstone Financial Group.

Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Brian Korienek or a similar company/individual, then share your information with us using our secured form.

You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.

He has received numerous complaints for misrepresentation, fraud, and breach of fiduciary duty. Before you consider working with him or Goldstone Financial Group, it would be best to go through his long history of customer disputes.

image 56
Notice the 5 Disclosures marked on his broker listing (Source)

This way, you would know what kind of an advisor he truly is and why you should avoid doing business with him:

Brian Korienek

Allegations on Brian Korienek

1. Allegations include Misrepresentation, Omission of Material Fact, Breach of Fiduciary Duty, etc. in regards to the Respondents: Pellegrino; Korienek, and Reppy’s recommendations to Claimants to purchase 1st Global Capital, LLC investment. 

Basic details of this allegation

-Damage Amount Requested

$311,089.32

-Settlement Amount

$76,309.09

2. A customer filed a complaint alleging the following causes of action against the member firm that Brian Korienek worked for: 

  • Unsuitability
  • failure to supervise
  • legal system deception
  • breaching of fiduciary obligations
  • culpable failure to monitor
  • Misconduct

The claims stem from the claimant’s assertion that her broker recommended a sizeable investment in 1 Global Capital, LLC (also known as 1st Global Capital), high-risk, unregistered security, despite the claimant’s low-risk tolerance, and that the claimant lost almost all of the money as a result of 1st Global Capital’s involvement in a significant securities fraud scheme.

Even though the Claimant was the business’s client and already had investments at the time the advice was made, Claimant also argued that the firm failed to monitor, approve, or approve the investment.

Basic details of this allegation

-Damage Amount Requested

$100,000.00

24/11/2023 Update
As of now, Brian Korienek has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.

3. Allegations against Respondent Reppy by Claimants include the sale of a high-risk and fraudulent investment, misrepresentations and omissions of material facts, and unsuitable recommendations.

           Basic details of this allegation

          -Damage Amount Requested

           $341,182.80

           -Settlement Amount

            $83,690.91

4. In 2016, the Claimant was induced to invest in 1st Global Notes by TCM RR Brian R. Korienek in violation of the anti-fraud provisions of the Illinois Securities Laws regarding the sale of unregistered securities.

Basic details of this allegation

-Damage Amount Requested

$200,000.00

-Settlement Amount

$11,783.86

What Brian Korienek Claims to Be:

Surprisingly, Brian Korienek fails to mention anywhere on his “About Me” pages that he scammed multiple clients by partnering with 1 Global Capital. Most of the media coverage on this financial scammer is paid PR done by his marketers to hide his criminal past.

As Vice president of Wealth Management for Goldstone Financial Group, Brian Korienek is a partner in the company. In addition to having earned his Series 7 and 66 licenses, Korienek is a fiduciary advisor who is licensed to sell life and health insurance in the state of Illinois.

He has appeared on Fox 32 Chicago and been heard on the radio program Protecting Your Financial Future on WLS 890AM. Korienek spent nearly nine years with Goldstone Financial Group as a Senior Associate Adviser before assuming his current position as Vice President of Wealth Management.

He previously had positions at McAdam Financial Group as a financial advisor and at the Chicago Board of Trade as an analyst for a company that deals in agricultural commodities before joining Goldstone Financial Group. Brian Korienek began his career in a position that involved numerical analysis in relation to commodities and pricing after receiving his Bachelor of Business Management from Depaul University.

Later on, he joined Goldstone Financial Group.

If you have sensitive information or have had a personal experience with Brian Korienek but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

What Goldstone Financial Group of Brian Korienek Claims to Be:

This section contains the marketing claims made by the PR team of Brian Korienek. Hence, there might be some exaggerations here regarding his expertise.

Goldstone Financial Group is located at 18 W 140 Butterfield Rd 14th Floor, Oakbrook Terrace, IL 60181, the area is only a little ways from downtown Chicago and O’Hare and Halfway air terminals and simply moves back from the Oakbrook Center and Yorktown Retail outlet.

What is the Specialization of Goldstone Financial Group?

Due to the fact that Goldstone Financial Group is a professional company, its consultants maintain the highest standards of morality while providing clients with guidance. Instead of attempting to sell our customers a preset list of things, they are dedicated to using all available financial means to assist them in achieving their objectives.

Moreover, Goldstone has collaborated with a number of charitable groups to develop partnerships that enable us to help with vital local and international issues. The expertise of all of our advisors in risk management and wealth preservation further enables our clients to have peace of mind regarding the safety of their investments. I’m pleased to work for such a group and aid in people’s future planning.

What is Brian’s recommendation for anyone considering a career in financial advice?

First of all and importantly, he recommended his advisers to register in the relevant courses and earn the requisite credentials. In order to serve the clients to the highest level, it’s critical that we develop a complete understanding of the sector.

He also recommended that people work for a company like Goldstone Financial Group that holds its advisors to a rigorous level of ethics. Finally, he encouraged them to constantly emphasize the needs of their clients and to put their needs first. More than just crunching numbers, a financial advisor’s job involves fostering relationships and assisting clients in achieving their objectives. We will succeed if we can achieve that in a morally upright manner.

Frequently Asked Questions

Q.1)Who is Brian Korienek?

Ans. Brian Korienek is a fiduciary advisor and holds the position of Vice President of Wealth Management at Goldstone Financial Group and a partner.

Q.2) What is the educational qualification of Brian Korienek?

Ans. He is a Bachelor of Business Management from Depaul University.

Q.3) What did he do after completing his studies in Management?

Ans. After completing his degree, Brian Korienek began working in a role that needed numerical analysis in relation to commodity pricing.

Q.4) Brian Korienek was charged with how many allegations?

Ans. Brian Korienek was charged with almost four allegations related to a customer dispute. These disputes include Misrepresentation, Omission of Material Fact, Breach of Fiduciary Duty, etc.

3Expert Score
Conclusion

Brian Korienek is an unreliable finance advisor with a long history of misrepresentation and scam. Avoid doing business with him at all costs.

Rating
3
Brian Korienek: Engaged in a Scam & Misrepresentation? Unveiled (Review)
Brian Korienek: Engaged in a Scam & Misrepresentation? Unveiled (Review)

20 Comments
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  1. This is my cousin and what I find interesting is all comments are either posted on March 22 or April 14. So this leads me to believe this is 1 (one) person who is making all these comments and expects everyone to believe what is written. I’m not saying he is innocent or not but these comments should be taken with a grain of salt

  2. I have lost thousands of dollars with this man and was regretting investing, I will request you do the same, and avoid Brian.

  3. Never try to invest with this man, he will is not at all trustable for investing.

  4. If you will look into his history of criminal involvement, then he may appear nonlegitimate but comparing his personality based on his history is not fair. He had proved to be one of the best financial advisors of his time, but due to some criminal involvement, everyone is forgetting his knowledge and popularity.

  5. This man is also a very experienced financial advisor I have read somewhere, he was appreciated for his work and is still recommended by various investors. He has helped various investors with their money and made them huge profits just with his experience and knowledge in the field.

  6. This man is also famous for selling health insurance where he had provided loss to his users and is never worried about the after results, which shows his tendency of taking the officials lightly.

  7. The company doesn’t provide the services which are claimed before investing with them and there are several misconceptions about the company’s promotional reviews where most of the reviews are paid one and trying to hide his criminal past.

  8. This man is responsible for several fraudulent schemes and scamming his investors for their money and not providing them with the promised profits.

  9. Not a legitimate platform for investing, look into his previous criminal records.

  10. This man is not at all trustable for your money, he is toeing a list of big criminal records and is not at all worried about the investor’s money, the only thing which this man wasn’t is profit.

  11. The feeling of getting cheated and when you find that all your time invested here has gone all in vain. So if you don’t want to get through this feeling then back off from this notorious company.

  12. We need to be more selective before investing with these fraudsters.

  13. The main problem is misrepresentation every single customer wants to be treated with full trust, and none of us wants to face any consequences comprising of financial loss and wastage of time.

  14. This man is getting all the fame because of his experience with multi-billion companies, before joining Goldstone Financial Group he had all the experience.

  15. You will regret investing with this company, they are scamming their people without any regret and getting all the fame because of their fake promotions and advertisements, their claims are also full of attractive brags which can attract anyone without any problem.

  16. The government should arrest them for deviating from their customers, this man’s main purpose is to get his insurance sold off.

  17. Make them feel the type of people they are allowing our people to indulge with these fraudsters.

  18. He is an advisor related to health and life insurance and we need to expose these scammers and avoid dealing with them.

  19. We should make them realize that you are not the required person for the field they need to take leave and stop wasting the time and money of others. We need to evade people like Brian, they are misleading the users with their fake knowledge.

  20. These fake financial advisors are earning millions without having any experience and knowledge, people are blindly listening to their knowledge.

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