Murray Todd Petersen (also known as Todd Petersen), of Roseville, California, a stockbroker formerly registered with SCF Securities Inc. and WFG Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions. Letter of…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages supported by accusations of breach of contract and breach of fiduciary duty regarding direct investments, including direct participation programs and limited…
David Wilson Williams of Dallas Texas a stockbroker and supervisor formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim where the customer was awarded $50,000.00 in compensatory damages based upon Williams being found liable on the customer’s claims which included that (1) contractual obligations to the customer…
Mark Nelson Holloway of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $10,000.00 in damages supported by allegations that (1) Holloway made omissions and misrepresentations to the customer concerning oil and gas direct investments and mutual funds and (2)…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly employed by WFG Investments is the subject of a customer initiated investment related complaint on June 15, 2018 where the customer sought $72,000.00 in damages founded on allegations that the customer was placed into unsuitable exchange traded note and mutual fund products; and was assessed unwarranted…
James Aloysius Conwell II of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $155,000.00 in damages based upon allegations that (1) misrepresentations and omissions were made to the customer concerning private placement stocks and (2) no sufficient…
Donna Jean Chism of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. has been fined $2,500.00 and sanctioned by Oklahoma Department of Securities based upon Chism consenting to the Department’s findings that Chism engaged in unauthorized transactions in customer accounts. Case No. 17-055 (Apr. 3, 2017). Oklahoma Department of Securities alleged that Chism…
Stephen Anthony Pierce of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $50,000.00 in damages based upon accusations that (1) Pierce made omissions and misrepresentations concerning the customer’s private placement investments and (2) Pierce did not undertake…
Bert Allen Cooper of Peoria Arizona a stockbroker formerly employed by WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $50,000.00 in damages supported by accusations that misrepresentations had been made to the customer concerning direct participation program and limited partnership interest risks at the time…
Wilson Henry Williams of Dallas Texas a stockbroker and principal registered with WFG Investments Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $236,081.00 in damages supported by accusations of the failure to supervise the customer’s investments in direct participation program or limited partnership interests. Financial Industry Regulatory Authority…
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….
Ryan Neel Bowers, of San Diego, California, the chief compliance officer and managing principal with Enviso Capital and former stockbroker with WFG Investments, Inc., has been fined $50,000.00 and barred from associating with, inter alia, any investment adviser, broker or dealer according to a Securities and Exchange Commission (SEC) Order containing findings that Bowers made…
Timothy Joe Hightower, of Mount Pleasant, Texas, a stockbroker formerly registered with WFG Investments, Inc., is the subject of a customer initiated investment related written complaint on May 16, 2017, in which the customer requested $5,000.00 in damages based upon accusations that Hightower effected unauthorized trades in the customer’s variable annuity. Financial Industry Regulatory Authority…
Gary Roland Rodgers, of Austin, Texas, a stockbroker formerly registered with WFG Investments, Inc., is the subject of a customer initiated investment related written complaint on June 15, 2017, in which the customer requested $99,000.00 in damages based upon allegations that Rodgers failed to apprise the customer about holding periods, liquidity, and other terms and…
Jay Dee Jordan, of Oklahoma City, Oklahoma, a stockbroker formerly registered with WFG Investments, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to the customer, effected unauthorized transactions in the customer’s account, mismarked customer order…
James Kevin Pheney, of Castle Rock, Colorado, a stockbroker formerly registered with WFG Investments Inc., is the subject of a customer initiated investment related written complaint on December 29, 2016, in which the customer requested $240,000.00 in damages based upon allegations that Pheney made misrepresentations to the customer concerning municipal debt investments effected in the…
Harry Timothy Couch, of Dawsonville, Georgia, a stockbroker currently registered with WFG Investments, Inc., is the subject of a customer initiated investment related arbitration claim on May 2, 2017, in which the customer requested $1,500,000.00 in damages based upon allegations that from 2009 to 2016, Couch over concentrated the customer’s assets, effected trades on an…
Mark Lee Baggerly, of Daphne, Alabama, a stockbroker formerly registered with WFG Investments, Inc., is the subject of a customer initiated investment related arbitration claim on May 2, 2017, in which the customer requested $730,000.00 in damages based upon allegations that Baggerly made misrepresentations and omissions to the customer, and failed to conduct adequate due…
WFG Investments, Inc., headquartered in Dallas, Texas, has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that the firm failed to supervise a stockbroker who effected unsuitable trades in the firm’s customer accounts. Letter of Acceptance, Waiver and Consent, No. 2015045755003 (May 31, 2017). According to the AWC, from January…
Jay Dee Jordan, of Oklahoma City, Oklahoma, a stockbroker formerly registered with WFG Investments, Inc., has been named in a customer initiated investment related written complaint on December 28, 2016, in which the customer requested $88,000.00 in damages based upon allegations that Jordan effected unsuitable stock transactions in the customer’s account. Financial Industry Regulatory Authority…
Carl Wayne Busch, of Oklahoma City, Oklahoma, a stockbroker currently registered with WFG Investments, Inc., has been named in a customer initiated investment related arbitration claim on January 3, 2017, in which the customer requested $50,000.00 in damages based upon allegations that Busch failed to conduct adequate due diligence in reference to the customer’s convertible…
Matthew Aaron Bell, of San Antonio, Texas, a stockbroker formerly registered with WFG Investments, Inc., has been named in a customer initiated investment related written complaint, which settled on February 10, 2017, for $43,000.00 in damages based upon allegations that Bell made unsuitable investment recommendations to the customer regarding over-the-counter equity products. Financial Industry Regulatory…
Garry Lynn Osing, of Cordova, Tennessee, a stockbroker currently registered with WFG Investments, Inc., has been named in a customer initiated investment related arbitration claim on January 31, 2017, in which the customer requested $30,924.00 in damages based upon allegations that Osing made unsuitable investment recommendations to the customer regarding real estate securities and equipment…
Damian Marlon Bell, of Daphne, Alabama, a stockbroker currently registered with WFG Investments, Inc., has been named in a customer initiated investment related arbitration claim on January 19, 2017, in which the customer requested $1,000,000.00 in damages based upon allegations that Bell made misrepresentations and omissions to customers concerning private placements, and failed to adequately…
Stuart G. Dickinson, of Highland Park, Texas, a stockbroker formerly registered with WFG Investments, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers’ Default Decision containing findings that Dickinson made unsuitable investment recommendations to customers. Department of Enforcement…
Matthew A. Bell, of San Antonio Texas, a stockbroker formerly registered with Securities America, Inc., has been named in a customer initiated investment related arbitration claim on December 8, 2015, in which the customer requested $5,000.00 in damages based upon allegation that Bell breached his fiduciary duty to the customer and made investment recommendations which…
David W. Williams, of Dallas Texas, a stockbroker with WFG Investments, Inc., is subject to a pending customer dispute from March 14, 2016, in which the customer requested $2,780,000.00 in damages in connection with allegations against Williams of failing to conduct an adequate investigation into an investment, making misrepresentations to the customer, breaching his fiduciary…
Jay Dee Jordan of Oklahoma City, Oklahoma, a stockbroker with WFG Investments, Inc., is the subject of a pending customer initiated investment related arbitration claim filed on July 13, 2016, in which the customer requested $42,000.00 in damages based upon allegations that Jordan of effected unsuitable and unauthorized investment transactions in the customer’s securities account. FINRA Public…
WFG Investments, Inc., headquartered in Dallas, Texas, was censured and fined $65,000.00 by the Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to apply sales charge discounts to eligible customers’ purchases of unit investment trusts (UITs); and failed to develop and manage supervisory practices and protocol to make sure eligible…
James W. Anderson of Oklahoma City, Oklahoma, a stockbroker with WFG Investments, Inc., was fined $15,000 and suspended for fifteen months from associating with a Financial Industry Regulatory Authority (FINRA) member firm in all principal capacities after consenting to findings that he failed to supervise a stockbroker who engaged in unsuitable trading. Letter of Acceptance,…
Larry Michael Crabtree of Edmond, Oklahoma, a stockbroker with WFG Investments, Inc., was suspended for six-months in all capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that Crabtree engaged in unsuitable trading and improperly exercised discretion in the account of a customer; sent inappropriate and unapproved communications…