July 21, 2019 Comments (0) Blog, Current Investigations, Securities Fraud

David C. Ferwerda Broker Investigation

David C. Ferwerda Broker Investigation, Featured by Top Securities Fraud Attorneys, The White Law Group

David C. Ferwerda, Signator Investors, Grand Rapids, MI – Suspended by CFP Board

Are you concerned about investments with David C. Ferwerda in Grand Rapids, MI? 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 a notice on the Certified Financial Planner Board of Standards, Inc. website, on June 13, 2019, the CFP Board imposed an automatic interim suspension temporarily suspending Ferwerda’s right to use the CFP® certification marks.

The Board reportedly imposed an automatic interim suspension after receiving evidence that Ferwerda entered into a Letter of Acceptance, Waiver, and Consent (AWC) with the Financial Industry Regulatory Authority, Inc. (FINRA) on October 30, 2018.

According to FINRA’s findings the regulator has reportedly barred Ferwerda from associating with any FINRA member in any capacity after he allegedly refused to provide information and documents.

FINRA was reportedly investigating Ferwerda’s alleged participation in sales of notes of a group of unregistered investment companies including Woodbridge Group of Companies LLC, and 1 Global Capital LLC.

Under the automatic interim suspension order, Ferwerda’s right to use the CFP® certification marks is suspended pending CFP Board’s completed investigation and possible further disciplinary proceedings.

According to his FINRA BrokerCheck report, Ferwerda was a registered representative with Signator Investors in Grand Rapids, Michigan from September 2012 through March 2018 when he was allegedly fired for “Involvement in the sale of unapproved outside investments in violation of firm policy.” Ferwerda reportedly has 5 disclosure events listed on his broker report.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Signator Investors may have for failure to properly supervise Ferwerda.

When brokers violate securities laws, such as participating in undisclosed outside business activities, 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 Michigan. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you have suffered losses investing with David C. Ferwerda, 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.

Click here for your FREE consultation.

 

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