September 2017 – Daphne, AL
According to publicly available records Damian M. Bell (CRD#2348521) , a stockbroker who was previously employed by WFG (Williams Financial Group) Investments, Inc. , disclose 2 pending and 5 prior customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In April of 2017, a customer of WFG Investments, Inc. filed a dispute alleging unsuitable recommendations in mutual funds. That complaint was settled for $4,950.
In March of 2016, a customer of WFG Investments, Inc. filed FINRA arbitration 16-0346 alleging failure to conduct a reasonable investigation into an investment in a private placement, Servergy , misrepresentation, unsuitable recommendations and breach of fiduciary duty. That dispute was settled for $250,000.
In August 2002 a customer of Merrill Lynch, Pierce, Fenner & Smith, Inc. filed NASD arbitration 6-4415 alleging unsuitable recommendations and failure to disclose fees. That case settled for $40,000.
In March of 2017, a customer of WFG Investments, Inc. , filed FINRA arbitration #17-00822 seeking damages of $505,000 and alleging failure to conduct reasonable due diligence, material misrepresentations and failed to disclose material facts in connection with an investment in a private placement. This case is currently pending.
In November of 2016, another customer of WFG Investments, Inc. , filed FINRA arbitration #16-03305 seeking damages of $1,100,000 alleging failure to conduct due diligence, material misrepresentations and failure to disclose material facts. This case is currently pending.
Damian Bell was employed by WFG Investments from April of 2010 until May of 2017. He has been employed by International Assets Advisory since 6/2017.
If you have questions about an account handled by Damian Bell, contact us to discuss your 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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