Written by The White Law Group• September 17, 2019• 7:37 pm• Blog, Broker Investigations

Donald E. Teboe Broker Investigation

Donald E. Teboe, Cantella & Co. in Clinton, MI

Are you concerned about investments with Donald E. Teboe in Clinton, MI? If so, the securities attorneys at The White Law Group may be able to help you.

According to the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred financial advisor Donald E. Teboe from working in the securities industry after he reportedly refused to provide testimony in FINRA’s investigation.

According to the Letter of Acceptance Waiver & Consent, “In 2019, FINRA began investigating allegations that Teboe engaged in unsuitable trading while registered through Royal Securities, Questar, and Cantella.” By refusing to provide testimony, Teboe reportedly is in violation of FINRA rules and consequently has purportedly been barred.

According to his FINRA BrokerCheck report, Teboe was reportedly affiliated with Cantella & Co. in Clinton, MI from July 2014 until February 2018. Prior to that, he reportedly worked at Questar Capital Corp. His broker report indicates that Teboe has one settled customer complaint filed against him in January 2018 for “alleged negligence, breach of contract, breach of fiduciary duty, fraud, and negligent misrepresentation in the sale of various unsuitable, high risk speculative securities between 2012 and 2017.”

Investigating Potential Claims

The White Law Group is investigating potential claims regarding the liability that Teboe’s former employers may have for failure to properly supervise him.

When brokers break securities laws, such as by making unsuitable investments, the brokerage firm they are associated with can be held responsible for any investment losses through FINRA Arbitration. Brokerage firms that neglect to oversee the business activities of their employees may be held accountable for investment losses due to inadequate supervision of their employees’ misconduct.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Michigan. Our attorneys have recovered millions of dollars from many brokerage firms in the past.