The White Law Group is investigating a possible securities fraud claim on behalf an West Memphis, Arkansas investor involving former UBS Financial Services financial advisor Stephen Weatherly.
Specifically, we are investigating whether Mr. Weatherly improperly recommended that the retired investor invest a significant portion of his life savings in a AXA variable annuity. Not only did the variable annuity lock up the investor’s money (because of the high surrender charges), but it paid a substantial commission to the broker – which was likely his motivation in recommending it.
According to his FINRA Broker Reports (CRD), Stephen Weatherly is currently a registered representative with Merrill Lynch in Germantown, Tennessee. In addition to working at Merrill Lynch and UBS, he has also worked as a stockbroker at Wachovia Securities and Prudential.
If you have any information that may assist The White Law Group in its investigation, please contact the firm’s Chicago, Illinois office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.