Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has launched a formal investigation into Rich Tegge (CRD# 2948506), a Marquette, Michigan financial advisor affiliated with LPL Financial, doing business as Wealth Strategy Group. As investor advocates with 95+ years of combined securities law experience and a 98% success rate across hundreds of recovered claims, our firm brings insider knowledge from former Wall Street defense work to help clients recover losses from potential broker or advisor misconduct.
If you invested with Rich Tegge or faced similar concerns with LPL Financial or Wealth Strategy Group, taking prompt action can maximize your path to recovery. We represent clients nationwide on a “No recovery, no fee” basis and offer free, confidential consultations at 1-888-885-7162.
Rich Tegge — Background and Credentials
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Rich Tegge currently serves investors in Marquette, Michigan, as both a broker and investment advisor with LPL Financial, under the brand Wealth Strategy Group. According to FINRA’s BrokerCheck, he has worked in the securities industry for 28 years and holds a broad array of credentials, including:
- Securities Industry Essentials Examination (SIE)
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- Series 10/9 – General Securities Sales Supervisor
- Series 7 – General Securities Representative Examination
- Licensure in 25 states
His registration history includes positions at Commonwealth Financial Network, Citigroup Global Markets, and Edward Jones, in addition to his current tenure at LPL Financial since 2020.
Pending Complaint Against Rich Tegge (LPL Financial, Marquette, MI)
The most notable disclosure in Rich Tegge’s current record is a pending investor complaint filed in June 2026. The complaint alleges that, as a representative of LPL Financial, Mr. Tegge violated Regulation Best Interest when recommending investments in equities and mutual funds. Specifically, the client asserts:
- He failed to act in their best interest, as required by federal regulations.
- The investments recommended may have favored the broker’s interests over the client’s goals.
- Claimed damages total $500,000.
This complaint remains pending and has not yet been resolved. Our attorneys are closely following its development and encourage any concerned investors to connect with us for individualized guidance on their potential claims or losses.
What Is Regulation Best Interest?
Regulation Best Interest (Reg BI) is a critical safeguard for retail investors. Under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934, brokers and advisors like Rich Tegge must:
- Act in the best interest of the client at the time of a recommendation
- Avoid placing their own financial or personal interests ahead of yours
- Make recommendations only after performing thorough due diligence on the product and your unique circumstances
If a broker or advisor breaches these duties, they may be liable for losses resulting from conflicted or unsuitable investment recommendations. Our firm’s Super Lawyers designations, AV Preeminent ratings (Top 2%), and 5.0-star client reviews reflect a relentless commitment to investor protection in such matters.
Summary Table: Rich Tegge – Disclosure Record Overview
| Disclosure | Status / Findings |
|---|---|
| Customer Complaints | One pending complaint (June 2026), alleging $500,000 in damages and violation of Regulation Best Interest. |
| SEC/FINRA Actions | No regulatory orders, injunctions, or administrative proceedings to date. |
| State Securities Regulators | No state-level administrative or criminal orders disclosed. |
| Arbitrations/Civil Suits | No arbitrations or court actions currently listed. No public arbitration awards involving Rich Tegge. |
| Media Reports | No credible news reports or press announcements regarding misconduct. |
Advisor Red Flags and What Investors Should Watch For
- Pending complaint for a significant sum, alleging failure to act in the client’s best interest
- Potential violation of Regulation Best Interest – a serious industry infraction if substantiated
- Complex investment strategies in equities and mutual funds may not always fit every investor’s profile
- No prior history of disciplinary action, but all investors are strongly advised to monitor ongoing disclosures and seek independent counsel if losses arise
Our attorneys leverage deep, former defense-side experience to aggressively fight for individual investors seeking recovery of their lost funds from unsuitable, conflicted, or high-risk investment recommendations. If you suspect your advisor has failed to act in your best interest—even without a prior disciplinary record—do not wait for additional disclosures or negative outcomes.
Action Steps for Concerned Investors
- Review your investment statements and assess losses for accounts managed by Rich Tegge, LPL Financial, or Wealth Strategy Group.
- Use FINRA’s BrokerCheck to verify the most recent information on an advisor’s disciplinary record or contact our firm for hands-on assistance.
- Request a current Form ADV (Part 2A) from your advisor, which is required to disclose material legal or disciplinary history.
- Contact our attorneys for a free, confidential case review to determine if you may have a valid claim for recovery of losses.
Contact Us for a Free Case Evaluation
If you invested with Rich Tegge in Marquette, MI, or through LPL Financial/Wealth Strategy Group, and have concerns about investment losses, contact our attorneys immediately at 1-888-885-7162 or via our online consultation form. Our firm will review your individual situation with full confidentiality, drawing on our extensive, results-driven experience—over $520 million of securities matters handled—to fight for your recovery and financial peace of mind.
Remember: Every investment loss matters. Let our former defense attorneys and investor advocates put their decades of insider knowledge to work for you. There is no fee unless we recover your funds.
