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Financial West Group Fined $40,000 and Censured for Failure to Supervise and Associating with a Disqualified Individual

By September 12, 2016September 20th, 2017News

Pursuant to its Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, Financial West Group assented to a $40,000 fine and censorship. The AWC states that Financial West Group failed to adequately address many due diligence elements of the firm’s private placement offerings.  Further, the firm employed a statutorily disqualified individual who had pleaded guilty and was convicted of a non-securities related felony.  Following the FINRA investigation Financial West Group consented to AWC 2014042263601.

Financial West Group’s FINRA Broker Check Report reveals nineteen AWCs and seven FINRA Arbitration Awards since 1990.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

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