Unicorns are pretty

Patricia Gail Peterson of Henderson Nevada a stockbroker formerly employed by WFG Investments Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she effected trades in customer accounts without written authorization. Letter of Acceptance Waiver and Consent No. 2015047070601 (Nov. 9, 2017).

According to the AWC, between April 14, 2015 and August 21, 2015, during the time that Peterson was associated with WFG Investments, she exercised discretion in nine customers’ accounts, placing twenty-one trades in total. Evidently, no written authorization had been provided by the customers to warrant Peterson’s trading in their accounts, and WFG Investments did not authorize those accounts to be traded on a discretionary basis. FINRA concluded that Peterson’s unauthorized trading was violative of FINRA Rule 2010 and National Association of Securities Dealers (NASD) Rule 2510(b).

Peterson was ultimately discharged from WFG Investments on September 16, 2015, based upon accusations that she failed to abide by the firm’s discretionary trading policy as well as procedures for administration of customer account documentation. Peterson has been associated with Innovation Partners LLC since January 8, 2018.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com