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Written by 12:34 pm Current Investigations, Securities Fraud Articles

Joel V. Flaningan Broker Investigation

Joel V. Flaningan Broker Investigation, Featured by Top Securities Fraud Attorneys, The White Law Group

Joel V. Flaningan, NYLife Securities – Fort Wayne, Indiana

Are you concerned about your investments with former financial advisor Joel V. Flaningan in Fort Wayne, Indiana? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against his former employer.

According to publicly available records, the Financial Industry Regulatory Authority (FINRA) suspended Flaningan after he was reportedly  terminated from his member firm for allegations  “he was involved in the solicitation of New York Life clients to invest in an unregistered entity named Woodbridge Mortgage Investment Fund, which has filed for bankruptcy protection and is the subject of an action filed by the SEC.”

Flaningan allegedly failed to disclose any involvement with Woodbridge to his member firm, NYLife.

According to his FINRA BrokerReport, Flaningan was registered with NYLife from December 2010 through May 2018. He has 3 pending customer complaints filed against him. Allegations include unsuitable investments, among others.

On March 4, 2019, Flaningan was reportedly barred from association with any FINRA member in any capacity after reportedly failing to request termination of his suspension within three months of the date of the Notice of Suspension.

Recovery of Investment Losses

The White Law Group continues its investigation regarding the liability that his former employers may have for failure to properly supervise Flaningan.

When brokers abuse client accounts and conduct transactions that violate securities laws, such as churning, and unauthorized trades, 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.

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 Indiana. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you have suffered losses investing with Joel V. Flaningan, 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.

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Tags: , , , , , Last modified: July 25, 2019