SEC Charges Anthony Liddle with Defrauding investors of $1.9 Million
According to a litigation release on January 24, 2023, the Securities and Exchange Commission reportedly filed charges against Anthony Baker Liddle, of Wausau, Wisconsin, with allegedly defrauding at least 13 investment advisory clients of approximately $1.9 million.
The SEC’s complaint alleges that Liddle, while acting as an investment advisor, made misrepresentations to clients, many of whom were seniors. Liddle allegedly misrepresented that these clients’ portfolios had become too risky and needed to be replaced with less risky securities.
However, these “less risky” securities were often rated as high risk and were also unavailable, according to the complaint. Liddle purportedly directed advisory clients to send money directly to his investment advisory company, where Liddle allegedly misappropriated client funds and never invested the money on his clients’ behalf.
To hide his allegedly fraudulent scheme, Liddle purportedly created false documents and made purported investment payments that actually came from client funds, to advisory clients.
On June 14, 2022, we reported that the Financial Industry Regulatory Authority (FINRA) barred Liddle (CRD#: 5478479) from associating with any FINRA member at any time after Liddle reportedly refused to provided information in its investigation to reports that Liddle allegedly borrowed more than $1.8 million from at least 13 of his customers while he was associated with his member firm, according to FINRA.
According to his broker report, Liddle was reportedly affiliated with the following FINRA registered firms, among others, during his career in the securities industry:
04/27/2020 – 05/27/2022, LANDOLT SECURITIES, INC. (CRD#:28352), OSHKOSH, WI,
10/18/2012 – 04/28/2020, WESTERN INTERNATIONAL SECURITIES, INC. (CRD#:39262), Wausau, WI
Recovery of Investment Losses through FINRA Arbitration
The White Law Group is investigating potential securities claims involving Anthony “Tony” Liddle and the liability his employers may have for failure to supervise him. When brokers and registered investment advisors violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
Fortunately, FINRA does provide an arbitration forum for investors to resolve disputes if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment. It is possible that they could be found liable for investment losses in a FINRA arbitration claim.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. We represent investors in all 50 states including Wisconsin. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Anthony “Tony” Liddle, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.
Tags: Anthony "Tony" Liddle barred, Anthony "Tony" Liddle complaints, Anthony "Tony" Liddle customer loans, Anthony "Tony" Liddle FINRA, Anthony "Tony" Liddle investigation, Anthony "Tony" Liddle investment losses, Anthony "Tony" Liddle lawsuit, Anthony "Tony" Liddle Western International, Anthony Liddle fraud charges, Landolt Securities Last modified: January 26, 2023