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Wivolin / NEXT Financial / 1st Discount Brokerage Investigation Continues

Wivolin / NEXT Financial / 1st Discount Brokerage Investigation Continues 150 150 Rex Securities Law

By Robert H. Rex, Esq.

FEBRUARY 2018 UPDATEHeidi Wivolin pleads guilty to mail and tax fraud. Sentencing set for May 2, 2018. See this for details. 
Our investigation into the activities of Heidi Wivolin, a broker who previously was registered with NEXT Financial Group and 1st Discount Brokerage continues and has expanded from south Florida to include activities in Kansas City, MO. 
 
See this  and this for prior postings on the investigation of Wivolin and Shawn O’Sullivan
 
We currently are investigating Wivolin on behalf of an elderly lady from Kansas City, MO. who gave $100,000 to Wivolin in 2008 while she was registered with 1st Discount Brokerage, Inc. , with the understanding that the funds were to be invested  in a 7% bond that would mature in 2015. 
 
Over the years, Wivoliin provided spreadsheets showing the “bond” valued at the purchase plus accrued interest. It appears that the funds were not invested as represented by Wivolin.
 
If you have information you feel may be of assistance to this investigation we would appreciate hearing from you.
 
If you invested money with Wivolin, call to discuss your legal rights with an experienced securities attorney. 
 
Nationwide representation.
 
 
561 391 1900
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