In July 2014, to resolve allegations that the firm failed to establish and maintain a supervisory system reasonably designed to ensure that economic information about the viability of church bonds sold on the secondary market was disclosed to the sales staff, Chicago based B.C. Ziegler and Company paid a fine of $150,000 to the Financial Industry Regulatory Authority (FINRA).
B.C. Ziegler, without admitting or denying the findings, accepted and consented to the securities regulator’s findings, which include:
- A primary business of B.C. Ziegler was the sale of Church Bonds and Senior Living Bonds
- From 1/1/2009-5/30/2012 the firm failed to implement a supervisory system to ensure economic information on Church Bonds was disclosed to brokers
- B.C. Ziegler used Church Bond sales material with customers that was not fair and balanced.
If you suffered losses on Church Bonds purchased from B.C. Ziegler, you may be entitled to damages. Call to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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