May 29, 2015 Comments (0) Blog, Securities Fraud

SEC Files Civil Complaint against Patrick Churchville

(Last Updated On: July 17, 2015)

Have you suffered investment losses through Patrick Churchville? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.

The White Law Group is investigating Churchville’s alleged improper use of investor funds.

The SEC is currently filing a civil complaint. The SEC filing states: “Beginning in December 2010, private fund manager Patrick Churchville, through his firm ClearPath Wealth Management, misappropriated and misused his investors’ cash and assets through a years-long fraudulent scheme involving theft, covered up by false accounting entries, shadow accounts, and misrepresentations.”

Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.

Broker dealers are also required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

If you suffered losses investing in from Patrick Churchville through ClearPath Wealth Management and would like a free consultation with a securities attorney, please call The White Law Group at (312)238-9650.

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

For more information on The White Law Group, visit www.whitesecuritieslaw.com.

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