Articles Tagged with Manzur Mazumder

Stoltmann Law Offices is investigating Harry Ward, after allegations surfaced the he and Manzur Mazumder solicited two elderly Missouri investors with a strategy to purchase universal life policies and long-term care policies. The Missouri Securities Division suspended Ward’s securities license in Missouri for 10 years following their investigation of him. The elderly investors they solicited could not afford the premiums to purchase the policies, so Ward and Mazumder opened investment accounts with ProEquities Inc., where Ward was registered at the time. The men intended to use a “covered call strategy” to generate income to pay the premiums, but the trades were unsuitable and the men lost $70,000. Mazumder then continued the trading with the elderly investors in a separate account with TD Ameritrade.

Harry A. Ward was registered with Edward Jones in St. Louis, Missouri from January 2009 until March 2009, Valic Financial Advisors in St. Louis, Missouri from July 2009 until October 2010 and ProEquities in Cape Girardeau, Missouri from April 2011 until September 2012. He is not licensed within the industry. If you invested money with Harry A. Ward, please call our securities law firm at 312-332-4200 to speak with one of our attorneys about your options of suing his former firm, ProEquities, for investment losses. The call is free with no obligation. We take cases on a contingency fee basis only.

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