November 2016-Highland Park, Texas
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
According to publicly available records Stuart G. Dickinson, (CRD# 1047824) , a former stockbroker who is was last employed in the securities industry by WFG Investments, disclose that FINRA has permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public. FINRA alleged that Dickinson failed to conduct reasonable due diligence on private placement investments involving automated teller machines ( ATM Alliance, LP ) which were fraudulent.
FINRA ordered Dickinson to pay restitution in the amount of $924,000.
In 12/2012 a customer of WFG Investments was paid $35,000 to resolve allegations that certain investments sold to him by Dickinson were not suitable.
In FINRA arbitration 12-1202 filed by a customer of WFG Investments, a customer was paid a settlement of $130,000 to resolve allegations of fraud, suitability, misrepresentation and lack of supervision with respect to the purchase of a private placement and unsuitable exchange traded funds (ETFs).
Dickinson was employed by WFG Investments from 10/2005-9/2013. He was discharged by WFG Investments 9/2013 after the company received an inquiry relating to a private securities transaction. He is not currently registered as a broker.
If you have questions about an account in an account handled by Stuart Graham Dickinson , contact us to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900