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Packerland Brokerage Services, Inc.

Founded in 1994, Packerland Brokerage Services, Inc. (“PBSI”) is an independent broker-dealer headquartered in Green Bay, Wisconsin. As of December 14, 2022, the firm had 3,978 clients (nearly 60% individuals) and $740.7M in assets under management (AUM). It has 149 employees, with brokers who are licensed in all 50 states as well as the District of Columbia.

Financial Misconduct at Packerland Brokerage Services, Inc.

PBSI is licensed by the Financial Industry Regulatory Authority (FINRA), and as such is legally obligated to ensure its brokers are acting lawfully in the interest of their investors. If a client suffers losses as a result of negligent behavior or misconduct from a broker, then the firm may be held legally responsible to repay the damages.

PBSI and brokers backed by PBSI have a history of misconduct.

In December 2017, the Securities and Exchange Commission (SEC) initiated a claim against PBSI (and another firm). From at least January 2012 through December 2015, the firm was found to have made inadequate disclosures and failed to seek the best execution for their clients related to particular class of mutual fund shares. As a result, PBSI was ordered to pay disgorgement of $432,949.80, prejudgment interest of $23,937, and a civil penalty of $80,000.

Based on its BrokerCheck report, the firm also has a history of failing to supervise its representatives.

Wondering If You Have a Claim? Contact Our Firm Now! Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest investment firms, such as Packerland Brokerage Services, Inc., and our track record affirms our resources and expertise. Meyer Wilson has represented clients nationwide and internationally, in state and federal courts, and in securities arbitration. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.

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