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Written by 4:28 pm Blog, Broker Investigations

Wausau Broker Tony Liddle & Prosper Wealth Update 

Tony Liddle Allegedly Defrauded Customers, 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.  

Former Wisconsin broker, Anthony “Tony” Liddle, who allegedly swindled $1.9 million from clients, has been sentenced to eight years in federal prison for wire fraud and money laundering, according to the U.S. Attorney’s Office for the Western District of Wisconsin this week. Liddle, of Wausau, Wis., reportedly pleaded guilty to the charges on February 24, 2023, and was sentenced on Friday. 

In June 2022 we reported that the Financial Industry Regulatory Authority (FINRA) barred Liddle (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,” according to the complaint. He provided payments for nine of the 13 investors in total nearly $256,000; the others received no payment.  

FINRA BrokerCheck Profile – Tony Liddle 

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.

Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.    

Tony Liddle reportedly has six pending customer complaints on his record. Allegations include theft, among others. 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  

Failure to Supervise     

FINRA Rule 3110 (Supervision) requires a firm to establish and maintain a system to supervise the activities of its associated persons that is reasonably designed to achieve compliance with the applicable securities laws and regulations and FINRA rules.       

All broker-dealers have a responsibility to adequately supervise its employees.  Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses. If your broker has defrauded you, you may be able to file a FINRA claim against your brokerage firm.     

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 you are concerned about your investments with Anthony “Tony” Liddle, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.           

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.                   

 For more information on The White Law Group, and its representation of investors, please visit WhiteSecuritiesLaw.com.     Tony Liddle, Anthony Liddle, Prosper Wealth, Landolt, Broker Investigation, Failure to Supervise ,   





Tags: , , , , Last modified: July 6, 2023