FINRA recently announced that James Cordell Wisdom III, formerly a financial advisor with Natcity Investments, Inc. in Norwood, Ohio, has been barred association with any FINRA member in any capacity. Without admitting or denying the findings, Wisdom consented to the described sanction and to the entry of findings that he executed an unauthorized sale of shares of a mutual fund in a customer’s account without the customer’s knowledge or authorization. The findings also stated that Wisdom wired the sale proceeds from the customer’s account into a bank account he established in the customer’s name without the customer’s knowledge or authorization. Finally, the findings stated that when Wisdom established the account, he listed himself as the signatory on the account and subsequently withdrew $2,800 from the bank account and used it for personal use.
According to his FINRA Broker Report (CRD), it appears that prior to working as a financial advisor with Natcity Investments, Wisdom was a registered-representative with Merrill Lynch in Cincinnati, Ohio.
If you have questions regarding investments you made with James Cordell Wisdon, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and Ohio, including reviewing securities fraud cases in Norwood, Cincinnati, Covington, Hamilton, Middletown, and White Oak. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
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