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Written by 1:57 pm Blog, Current Investigations

Christopher Wendel Terminated for Unapproved Securities Sales

Christopher Wendel

The White Law Group is investigating potential claims involving financial advisor Christopher Wendel.

According to The Financial Industry Regulatory Authority (FINRA) financial advisor Christopher Wendel, was terminated in September 2017 by his firm, SA Stone Wealth Management Inc. for selling away.

Allegations state that Wendel violated the firm’s policy on selling away. “Selling Away” is the practice of soliciting investments in companies, promissory notes, or other securities that have not been approved by the advisor’s firm. According to FINRA, Wendel engaged in an outside business activity called Smoke on the Water LLC.

In addition, Wendel has seven disclosures on his BrokerCheck report including five customer complaints. Allegations include selling unsuitable REITs and other unsuitable investments.

Wendel was registered with SA Stone Wealth Management in Celina, Ohio from September 2014 until September 2017 when he was discharged for
violating firm policy regarding selling away. Prior to that, he was affiliated with WRP Investments in Celina, Ohio from September 2002 until September 2014.

Investigating Potential Claims

The White Law Group is investigating the liability that Wendel’s employers may have for losses sustained by his clients.  Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.

Are you concerned about investment losses with Christopher T. Wendel?  The attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, please visit www.whitesecuritieslaw.com.



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