January 31, 2014 Comments (0) Blog, Securities Fraud

Ongoing Investigation Into Neil Winterrowd Investment Scam

The White Law Group continues to investigate claims on behalf of victims of former JP turner & Company broker, Neil C. Winterrowd to recover investment losses. Specifically, FINRA arbitration claims against the brokerage firm that employed Mr. Winterrowd.

According to Mr. Winterrowd’s FINRA BrokerCheck report, he  “misappropriated approximately $1.5 million from several different customers accounts by directing withdrawals from customer accounts to a company under his control for his own benefit.” As a result, Mr. Winterrowd was permanently barred from the securities industry as a result of FINRA’s findings. Additional allegations against Mr. Winterrowd include “theft by fraud and forgery,” “misrepresentation of annuities,” “illegally withdrawn funds,” and “solicitation of unauthorized securities.”

Mr. Winterrowd worked for JP Turner beginning in Aug. 2009 and was terminated in Sept. 2001. He worked previously for Crown capital Securities from May 2004 to Aug. 2009, and CitiGroup Markets from March 2002 to May 2004.

The brokerage firms that employed Mr. WInterrowd had a legal responsibility to adequately supervise his activities. When a broker, like Mr. Winterrowd, misleads clients and misappropriates funds the brokerage firm may be liable for negligent supervision and responsible for investment losses.

If you were a client of Neil C. Winterrowd and would like to discuss your litigation options to recover your losses, please call the securities attorneys of The White Law Group at 312-238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to the representation of investors in FINRA arbitration claims against brokerage firms throughout the United States. Our offices are located in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit the firm’s website at www.WhiteSecuritiesLaw.com.

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