Last Updated: November 2023 (The Woodlands, TX )
Van Washington Investigation Summary
Here’s what you need to know about The Woodlands, TX, stockbroker Van Washington:
- Name: Mr. Van Washington
- Current Employer: Sigma Financial Corporation
- Previous Firms: Ameriprise Financial Services, Morgan Stanley
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: The Woodlands, Texas
- CRD 4651656
- Can Van Washington be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Customer dispute ‘denied’ by firm: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Van Washington As Your Stockbroker?
In 5/2023 a customer of Sigma Financial Corp. complained that Van Washington misrepresented REITs sold in 2014 and engaged in excessive equity trading in 2020. The firm ‘denied” the claim and it appears that the customer did not engage professional services or otherwise pursue the matter. See below for our advice.
Allegations of Broker Misconduct Against Van Washington
A customer of Van Washington alleged the following wrongdoing in connection with the handling of customer accounts:
- Misrepresented REIT investments
- Engaged in excessive equity trading
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
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.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
Firms seldom, if ever, offer any resolution when a customer deals directly with them, or if they do, will attempt to have you settle your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Van Washington, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.