Written by The White Law Group• December 16, 2022• 4:28 pm• Blog, Current Investigations, Securities Fraud Articles

Wausau Broker Tony Liddle & Prosper Wealth Update

Wausau Broker Tony Liddle & Prosper Wealth Investigation Update featured by top securities fraud attorneys, the White Law Group

Tony Liddle Allegedly Misappropriated Clients’ Funds

The White Law Group continues to investigate potential securities claims involving Wasau Broker Tony Liddle and Prosper Wealth Management.

In June 2022 we reported that the Financial Industry Regulatory Authority (FINRA) barred Anthony “Tony” (CRD#: 5478479) from the securities industry after Liddle reportedly refused to provided information in its investigation.

FINRA reportedly found in May of 2022 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 the letter.

According to an updated investigation and order filed in Marathon County Circuit Court in September 2022, Wisconsin Department of Financial Institutions Division of Securities, listed 13 people from around Wisconsin and two from Michigan who invested with Liddle between March 2019 and July 2021. The total invested between the 13 people was upwards of $1.9 million.

Instead of investing the money, Liddle purportedly used the “funds for personal and business expenses and to pay down debt.”

Wisconsin’s DFI states these funds were meant to be used for investments including but not limited to purchasing L Bonds through GWG Holdings, with an annual fixed rate payment to clients of 5.5% or more.

Liddle allegedly used some of those funds to make those monthly payments to certain clients that “lulled investors into believing that Liddle had invested their money as he had promised.” He provided payments for nine of the 13 investors in total nearly $256,000; the others received no payment.

Liddle was reportedly registered with the following FINRA registered broker dealers, but was doing business under the name Prosper Wealth Management, according to FINRA:

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.

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment, they may be liable for investment losses through FINRA arbitration.

FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

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.