December 30 , 2015-Dallas, Texas
Larry Michael Crabtree entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that while associated with WFG Investments as a registered representative, he engaged in unsuitable trading in the IRA account of a customer and improperly exercised discretion in that account without written authorization to do so.
In addition, FINRA alleged that Crabtree sent inappropriate and unapproved communications to two customers. This conduct, as well as Crabtree’s failure to accurately record his customer’s financial information on a new account form, caused WFG Investments to maintain inaccurate books and records in contravention of Section 17(a) ofthe Securities Exchange Act of 1934.
AWC No. 2013038710501
Crabtree was suspended for six months from association with any FINRA member firm.
FINRA records indicate that Crabtree was registered with WFG Investments (Williams Financial Group) in Edmond, OK, from 7/2008-2/2014. He has been registered with Wilbanks Securities since 3/2014.
WFG Investments, a subsidiary of Williams Finanical Group is headquartered in Dallas, Texas
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.
Florida-561 391 1900