George L. McCaffrey Investigation
May 2022 – Englewood, CO
According to publicly available records, George Louis McCaffrey, a former stockbroker who was last employed by NTB Financial Corporation (formerly Neidiger Tucker Bruner) discloses 2 prior regulatory matters and 3 pending 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 6/2021, in FINRA case #2019064024001, McCaffrey consented to the sanction and to the entry of findings that he provided false information to FINRA during an investigation regarding his participation in private securities transactions. As a result of this investigation, McCaffrey was permanently barred from FINRA in all capacities.
In 9/2018, in FINRA case #2017056104701, McCaffrey consented to the sanctions and to the entry of findings that without first providing notice to his member firm, he participated in 22 undisclosed private security transactions in which nine investors, including one firm customer, purchased $1,775,000 in debt and equity securities. Sanctions ordered were an 18 month suspension and a $124,250 disgorgement paid by McCaffrey individually.
In September 2019, a NTB Financial Corporation customer filed case#2021CV31180 in Colorado District State Court, Arapahoe County, alleging that they lent money to a private company and McCaffrey made false representations concerning the company. The alleged damages are $1,702,000 and the case is still pending.
In April 2021, a NTB Financial Corporation customer filed FINRA case #21-00885 alleging that McCaffrey solicited private securities transaction investments in an unregistered company and that NTB Financial supervision failed to detect his outside activity. The alleged damages are $220,000. This case is pending.
In March 2021, NTB Financial Corporation customer filed FINRA case #21-10720 alleging that he had lent money to a private company from his IRA brokerage account after McCaffrey recommended lending the money. The alleged damages are $290,000 and this case is still pending.
McCaffrey was with NTB Financial Corporation from July 2989 until October of 2017.
If you have losses in an investment account handled by George McCaffrey contact us for a no charge consultation with an experienced securities attorney to learn about 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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