November 28, 2016 Comments (0) Blog, Current Investigations, Securities Fraud

Concerned about Investment Losses with Andrew T. Yocum?

(Last Updated On: January 11, 2017)

Are you concerned about your investment losses with Andrew Yocum of The Villages, FL? If so, The White Law Group may be able to help you to recover losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

Andrew T. Yocum was barred from the securities industry in July after he refused to appear for FINRA on-the-record testimony in connection with an investigation into whether he effected unauthorized transactions, exercised discretion without written authorization, and recommended unsuitable concentrated purchases of energy sector securities to senior investors, according to FINRA.

According to his FINRA BrokerCheck report, Yocum was registered with Morgan Stanley in The Villages, FL from 06/2009 – 10/2015. He was then registered with Summit Brokerage Services in Lady Lake, FL.  Yocum’s BrokerCheck also indicates that he was the broker of record on 26 customer complaints. Some of the recent allegations include:

– unsuitability with respect to investments in retirement account
– unsuitability with respect to investments in the energy sector
– unsuitable recommendations and invested their resources in a manner that was not consistent with their investment objectives

The White Law Group continues to investigate the liability that Yocum’s former employers may have for his actions. Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules.  If it can be determined that Yocum violated FINRA rules and his employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.  The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

 

For more information on the firm please visit our website, http://www.whitesecuritieslaw.com.