Margareta Theresia Childs (also known as Margareta Theresia Klopf) of Western International Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to cooperate with FINRA’s request for information. Case No. 2019061958901 (Sept. 20, 2019).
According to FINRA Public Disclosure, Childs was investigated by the regulator in 2019 in which she was asked to provide information regarding her activities. Childs’s failure to cooperate caused FINRA to issue her a Notice of Suspension on June 17, 2019 and a Suspension from Association letter on July 11, 2019. The stockbroker was provided with three months from the suspension notice to request that it be terminated. Childs’s failure to comply with FINRA by the deadline resulted in an automatic bar which was imposed on September 20, 2019.
Childs has been identified in two customer initiated investment related disputes concerning accusations of her misconduct while employed by Western International Securities, Financial West Group and Paulson Investment Company. FINRA Public Disclosure confirms that a customer filed an investment related complaint concerning Childs’s activities where the customer sought $70,000.00 in damages founded on accusations that transactions were not suitable for the customer and that the customer’s account was churned while Childs was employed by Paulson Investment Company.
On February 1, 2019, another customer filed an investment related civil action pertaining to Childs’s conduct in which the customer requested $208,325 in damages supported by allegations that the customer had been defrauded and that contractual obligations relating to a loan agreement had been breached by the stockbroker during the period in which she was employed by Western International Securities and Financial West Group. Civil Action No. 30-2019-01045669-CU-BC-CJC.
Childs’s employment with Western International Securities has been terminated on January 23, 2019. She has been associated with seven different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
