Articles Tagged with WFG Investments

AdobeStock_66548440-1-300x169If so, the attorneys at Stoltmann Law Offices are interested in speaking to you about your investment losses. We are Chicago-based securities attorneys who bring claims against firms like Ameriprise Financial and WFG Investments for not reasonably supervising their brokers. Joe Cotten Jr., a broker with Ameriprise in Plano, Texas and James Neil Turner, aka Neil Turner, a broker with WFG Investments in Plano as well, may have allegedly solicited clients to invest in securities such as California Proton, which is a proton therapy cancer treatment center in San Diego, California. Earlier in the year, the center disclosed that it was having trouble meeting its obligations with a number of lenders, and that there were several defaults on these loans. Cal Proton investors are likely to face substantial losses with this investment, as it is highly risky and illiquid. To find out how to sue Ameriprise and WFG on a contingency fee basis in the arbitration forum, please call our law offices today. Attorneys are standing by.

AdobeStock_69736117-2-300x200James Conwell, a registered broker with WFG Investments in Daphne, Alabama was accused of “impersonating one of his customers on one occasion in order to obtain a current annuity valuation for a portfolio review that he was providing the customer the following day.” This is against securities laws. Conwell allegedly “called another financial institution in order to obtain current valuation information about the variable annuity owned by the customer to enable Conwell to conduct a routine account review. Because Conwell was not listed as the registered representative of record on the annuity account at the time, he misrepresented to the financial institution that he was the customer in order to obtain the information. He then used the information obtained about the variable annuity’s current value to conduct the portfolio review with the customer.” For this he was suspended for 30 days and fined $5,000. He was also accused of failing to disclose material facts, failing to conduct reasonable due diligence, making material misrepresentations and was permitted to resign from Compass Brokerage in Fairhope, Alabama after allegations surfaced that he knowingly certified a false signature.
Conwell was registered with Compass Brokerage in Fairhope, Alabama from April 1986 until November 2007, Colonial Brokerage in Fairhope from December 2007 until April 2008 and Gunnallen Financial in Daphne, Alabama from June 2008 until March 2010. He is currently registered with WFG Investments in Daphne and has been since April 2010. He has four customer disputes against him, two of which are currently pending. Please call 312-332-4200 today if you suffered losses with Mr. Conwell. You may be able to recover those losses on a contingency fee basis, which means we only make money if you recover yours. The call is free with no obligation.

AdobeStock_77502568-1-300x199Stoltmann Law Offices is investigating Gary Osing, a registered representative with WFG Investments in Cordova, Tennessee. Osing has been accused of failing to conduct due diligence resulting in an unsuitable recommendation, misrepresented material facts, recommended unsuitable investments and provided poor service in connection to investments in XOM stock and two annuities. These are all against securities rules and regulations. If you lost money with Mr. Osing, you may be able to reclaim your investment losses by calling our Chicago-based securities law firm at 312-332-4200 and speaking to an attorney. The call is free with no obligation. Please call today as there is a statute of limitations on most cases. We sue firms such as WFG Investments in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Osing was registered with Investors Capital Corp in Cordova, Tennessee from January 2008 until December 2010 and is currently registered with WFG Investments in Cordova and has been since December 2010. He has two customer disputes against him, one of which is currently pending.

Stoltmann Law Offices is investigating Wesley Wood, a former Hendersonville, Tennessee-based broker with WFG Investments. The Financial Industry Regulatory Authority (FINRA) accused Wood of reimbursing a customer without informing his member firm, using a personal email address that was not disclosed to the firm, not reporting a customer complaint, and misrepresenting material facts in connection to alternative investments. These are all against securities laws. Wood’s former firm, WFG Investments, can be sued in the FINRA arbitration forum on a contingency fee basis in order to recover investment losses. Please call our Chicago-based securities law firm today to find out how. 312-332-4200. The call is free with no obligation.

According to his online, FINRA BrokerCheck report, Wood was registered with MML Investors Services in Springfield, Massachusetts from April 2005 until September 2005, Investors Capital Corp in Hendersonville, Tennessee from September 2007 until December 2010 and WFG Investments in Hendersonville from December 2010 until May 2016. He has one customer dispute against him and is currently suspended from the industry. He is not registered with any FINRA member brokerage firm.

AdobeStock_82110313-1-300x125Stoltmann Law Offices is investigating Wesley Wood, a former Hendersonville, Tennessee-based broker with WFG Investments. The Financial Industry Regulatory Authority (FINRA) accused Wood of reimbursing a customer without informing his member firm, using a personal email address that was not disclosed to the firm, not reporting a customer complaint, and misrepresenting material facts in connection to alternative investments. These are all against securities laws. Wood’s former firm, WFG Investments, can be sued in the FINRA arbitration forum on a contingency fee basis in order to recover investment losses. Please call our Chicago-based securities law firm today to find out how. 312-332-4200. The call is free with no obligation.

According to his online, FINRA BrokerCheck report, Wood was registered with MML Investors Services in Springfield, Massachusetts from April 2005 until September 2005, Investors Capital Corp in Hendersonville, Tennessee from September 2007 until December 2010 and WFG Investments in Hendersonville from December 2010 until May 2016. He has one customer dispute against him and is currently suspended from the industry. He is not registered with any FINRA member brokerage firm.

AdobeStock_99700100-2-300x200Stoltmann Law Offices is investigating Stuart Graham Dickinson, a former broker with WFG Investments in Highland Park, Texas. Dickinson was recently barred by the Financial Industry Regulatory Authority (FINRA) for allegedly selling securities without reasonable grounds for believing that the investment was suitable for any investor. He allegedly sold more than $1 million of limited partnership interests in a company whose business was to acquire and operate ATMs to seven clients. The company did not own any ATMs and was found to be a ponzi scheme. The clients lost their entire investments. A broker’s duty is to do due diligence on these private securities transactions. If he does not, his firm may be liable for investment losses. FINRA barred Dickinson for these transgressions.

Stuart Dickinson was previously registered with GEO Securities Corp from May 1982 until October 1982, Merrill Lynch in New York, New York from January 1987 until April 1992, Bear, Stearns in New York from April 1992 until May 2005, Linsco/Private Ledger Corp in Boston, Massachusetts from June 2005 until November 2005 and WFG Investments in Highland Park, Texas from October 2005 until September 2013. He has two customer disputes against him and has been permanently barred from the industry. Please call our securities law firm today at 312-332-4200 to speak to an attorney about your losses with Stuart Graham Dickinson. We may be able to help you bring a claim against WFG Investments in the FINRA arbitration process on a contingency fee basis. The call to us is free with no obligation.

Stoltmann Law Offices is investigating Linda Dowd, aka Linda Trout, aka Linda Donnelly. Dowd was most recently registered with Royal Alliance Associates in Lakewood, Colorado. The Financial Industry Regulatory Authority (FINRA) sanctioned Dowd following allegations that she offered to have a customer pre-sign blank distribution request forms, to be completed when the customer made a verbal request. According to a complaint with FINRA, she did this on at least 26 occasions, and, on one occasion, “re-used a previously-used signature page onto a new distribution request form because she had run out of pre-signed blank forms from the customer.” This is against securities rules and regulations. For this she was suspended for one year and fined $5,000. In January 2015 she was terminated from her position at WFG Investments following allegations she violated internal policies by obtaining blank, pre-signed forms. She was also alleged to have recommended unsuitable investments to a customer.

Ms. Dowd was registered with Hanifen, Imhoff Inc., Investors Center, The Stuart-James Company, Jesup, Josephthal Securities, DE Frey & Company, WFG Investments in Boulder, Colorado from September 1995 until February 2015, Securities Service Network, Royal Alliance Associates in Lakewood, Colorado from March 2015 until December 2015 and Sunbelt Securities. She has one customer dispute against her. Please call our securities law offices in Chicago if you suffered losses with Ms. Dowd. We may be able to help you recover your losses in the arbitration forum on a contingency fee basis. The call is free.

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