Financial Advisor Jeffrey Nimmow, Forest Securities in Hillside, IL
The Financial Industry Regulatory Authority (FINRA) Reportedly Bars Jeffrey Nimmow for Allegations of Sales of Unregistered Woodbridge Notes.
Are you concerned about investments with Jeffrey Nimmow in Hillside, IL? 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 public records on FINRA’s website, as of February 10, 2020, the regulator has reportedly barred Nimmow from working in the securities industry after he was allegedly discharged from his member firm for “Inaccurate judgement by the representative involving Woodbridge promissory notes and mortgages contained in Woodbridge funds.”
According to the Letter of Acceptance, Waiver and Consent, between February 2016 and December 2017, Nimmow allegedly engaged in the sale of promissory notes to 18 individual investors totaling more than $3 million. The promissory notes were reportedly unregistered Woodbridge notes and Nimmow purportedly engaged in these sales without disclosing and receiving approval from his firm for each individual private securities transaction, in violation of FINRA rules. Further, FINRA’s findings state that Nimmow was allegedly only registered to sell certain categories of securities and purportedly did not possess the proper FINRA registration to sell these promissory notes.
According to his FINRA BrokerCheck report, Nimmow was reportedly affiliated with Forest Securities in Hillside, IL from February 2015 until May 2018. Prior to that, he was registered with Questar Capital Corp in Merrimac, WI. He reportedly has 4 customer complaints listed on his broker report, two of which are still pending.
Investigating Potential Claims
The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Nimmow.
When brokers violate securities laws, such as making unsuitable investments, 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 Illinois. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you have suffered losses investing with Jeffrey Nimmow, 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.