George Louis McCaffrey of Englewood, Colorado, a stockbroker formerly registered with NTB Financial Corporation (formerly known as Neidiger Tucker Bruner Inc.), is referenced in a customer initiated investment related civil action on September 16, 2021, in which the customer sought $1,702,000.00 in damages based upon accusations of false representations by McCaffrey concerning a promissory note with a private company who later defaulted on its obligations. Civil Action No. 2021CV31180 (September 16, 2021). The lawsuit alleges the customer experienced damages on promissory notes recommendations by McCaffrey during the time that he was associated with NTB Financial Corporation.

McCaffrey has been identified in three more customer initiated investment related disputes regarding allegations of his conduct while employed by NTB Financial Corp. FINRA Public Disclosure shows that a customer initiated investment related complaint regarding McCaffrey’s activities was resolved for $26,500.00 in damages supported by accusations of fraud and misrepresentation concerning the customer’s purchases of Luxor and Northern Gold. The complaint alleges that the customer was not provided with information relating to a merger of Luxor and Northern Gold.

McCaffrey is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $220,000.00 in damages based upon accusations of the customer being solicited for an investment in a private securities transaction involving an unregistered company. FINRA Arbitration No. 21-00885 (April 19, 2021). The claim alleges that the customer sustained damages on warrants, unregistered stock, and exchange notes. According to the claim, NTB Financial Corp failed to supervise McCaffrey’s activities.

Another customer filed an investment related FINRA securities arbitration claim concerning McCaffrey’s conduct where the customer requested compensatory damages founded on allegations of them lending money to a private company according to McCaffrey’s recommendations when he was employed by NTB Financial Corp. FINRA Arbitration No. 21-10720 (July 7, 2021).

McCaffrey has been sanctioned by FINRA on two occasions. He was fined $15,000.00 and suspended for 18 months from associating with any FINRA member in any capacity, supported by findings that he engaged in private securities transactions while registered with NTB Financial Corp. Letter of Acceptance, Waiver, and Consent No. 2017056104701 (September 10, 2018). According to the AWC, McCaffrey had nine individuals invest in a greenhouse building and leasing company. The investors purchased $1,775,000.00 in promissory notes in this company and in preferred stock in a company affiliate. McCaffrey handled these transactions away from NTB Financial Corp and against their policy on selling away. He violated FINRA Rules 2010 and 3280.

McCaffrey was then barred from associating with any FINRA member in any capacity founded on findings that he gave false information to FINRA when he was under investigation for private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2019064024001 (June 25, 2021). McCaffrey did not tell FINRA about two additional investors who purchased a collective $270,000.00 in investments. The stockbroker did not attempt to get approval from NTB for his selling away activities. His false statements to FINRA supported a finding that he violated FINRA Rules 2010 and 8210, and also violated FINRA Rules 2010 and 3280, for selling away.

McCaffrey was registered with NTB Financial Corporation between July 14, 1989, and October 30, 2017.