Securities Investigation- The Joseph Project
Are you concerned about your investment in The Joseph Project? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
According to the FINRA’s website, former financial advisor Bradley Tennison was under investigation for allegations that he recommended a $300,000 investment, The Joseph Project, away from his employer to a former Firm customer.
In a pending customer dispute on April 2018, a client of Geneos Capital Management alleges “that in 2016 Mr. Tennison recommended she wire $300,000 to an investment called “The Joseph Project”. The former client verbally alleges that at Mr. Tennison’s direction she processed a wire transfer from her bank account for what she understood to be a 12 month investment with a 5% enhancement. She claims she has not received statements or the return of any principal.”
According to his FINRA BrokerCheck report, Tennison was registered with Geneos Wealth Management in Mesa, Arizona from August 2015 until he was discharged in April 2018 for “a written complaint from a former client of Mr. Tennison’s expressing concerns about an investment she claims was recommended by Mr. Tennison in 2016.”
According to reports, FINRA permanently barred Tennison from working in the securities industry on July 2 for failure to provide testimony in its investigation.
Tennison has 3 customer complaints listed on his broker report. Allegations include unsuitable investments and selling away.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending high-risk investments, like The Joseph Project, to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in The Joseph Project and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visithttps://www.whitesecuritieslaw.com.