FINRA Reportedly Bars Caz Craffy for Failure to Provide Testimony in its Investigation
According to a Letter of Acceptance Waiver and Consent on December 8, 2022, the Financial Industry Regulatory Authority (FINRA) has barred financial advisor Caz Craffy (Carz Levinski Craffey) (CRD#: 5222223) from associating with any FINRA member at any time.
According to the letter, Craffy reportedly refused to produce information and documents and refused to appear for on-the-record testimony requested by FINRA during an investigation that stemmed from a customer complaint.
FINRA was reportedly investigating Craffy’s potential conversion of customer money, loans or gifts from customers, active trading in customer accounts, and failure to fully disclose certain Outside Business Activites (OBAs).
According to his FINRA Broker Report, Craffy was affiliated with the following firms during his career,
04/26/2021 – 11/11/2022, MONMOUTH CAPITAL MANAGEMENT LLC (CRD#:290248), POINT PLEASANT BEACH, NJ,
B, 05/02/2017 – 03/05/2021, NEWBRIDGE SECURITIES CORPORATION (CRD#:104065), MORRISTOWN, NJ
B, 10/01/2012 – 04/13/2017, NATIONAL SECURITIES CORPORATION (CRD#:7569), MORRISTOWN, NJ
According to his broker report, Craffy was affiliated with the following businesses, SLUSA Productions and Overwatch Global Strategies, among others.
Recovery of Investment Losses through FINRA Arbitration
The White Law Group is investigating potential securities claims involving Caz Craffy and the liability his employers may have for failure to supervise him. 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.
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 New Jersey. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Caz Craffy, 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 WhiteSecuritiesLaw.com.
To learn more, see: Financial Advisor Fraud | Unapproved Securities “Selling Away”
Tags: Carz Levinski Craffey, Caz Craffy barred, Caz Craffy complaints, Caz Craffy customer loans, Caz Craffy FINRA, Caz Craffy investigation, Caz Craffy investment losses, Caz Craffy lawsuit, Caz Craffy Monmouth, OBAs, Overwatch Global Strategies, SLUSA Productions Last modified: January 31, 2023
