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Western International Securities: Investor Dispute 

Western International Securities: Investor Dispute featured by top securities fraud attorneys, The White Law Group

Western International Lawsuit Alleges Fraudulent Loans and Failure to Supervise 

The White Law Group announces today the filing of a FINRA Arbitration claim submitted on behalf of a Wisconsin resident, against Western International Securities alleging violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim alleges that a Western International Securities advisor fraudulently loaned out $262,000 of Claimant’s retirement assets in three unsecured notes for the broker’s personal benefit. 

The FINRA claim seeks damages in an amount greater than $262,000. 

It is further alleged that the broker of record is Tony Liddle of Prosper Wealth Management. Liddle is currently serving an eight-year prison sentence for defrauding advisory clients and has been barred from the securities industry. 

Failure to Supervise 

According to D. Daxton White, managing partner of The White Law Group, “It is possible that many more investors have suffered devastating losses due to Western International’s failure to supervise and don’t realize they have recovery options.”

Brokerage firms must supervise their brokers to ensure they comply with FINRA rules. If a financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

FINRA Arbitration Attorneys – The White Law Group 

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. ?It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court. 

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

With offices in Seattle, Washington and Chicago, Illinois, the firm reviews securities fraud cases throughout the country. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.  

Free Consultation 

For more information on The White Law Group and the lawsuit filed against Western International Securities, please contact the firm at 1-888-637-5510. 

Tags: , , , Last modified: June 21, 2024