Sampson Pearson – Northwestern Mutual Investment Services – Charlotte, NC
Are you concerned about your investments with Sampson Pearson Jr. in Charlotte, NC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution Claim.
According to an article in the Charlotte Observer yesterday, former financial advisor Sampson Pearson Jr. was indicted on July 18 for charges of wire fraud scheme, aggravated identity theft and filing false tax returns. He has reportedly been accused of stealing half a million dollars from clients and Northwestern Mutual, according to the article.
Pearson, who sold life insurance products and annuities, allegedly submitted fake loan applications and annuity distribution requests to Northwestern Mutual.
According to the article, the fraud was allegedly committed between 2005 and 2016 and his clients were purportedly not aware that he had requested the loans and disbursements.
The Financial Industry Regulatory Authority (FINRA) reportedly barred Pearson from working in the securities industry in June 2017. Pearson was reportedly registered with Northwestern Mutual Investment Services in Charlotte, from March 2001 until March 2017.
Potential Lawsuits to Recover Losses
When brokers abuse client accounts and conduct transactions that violate securities laws, such as churning, and unauthorized trades, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including North Carolina. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you have suffered losses investing with Sampson Pearson Jr., please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.