Last Updated: October 2023 (Fredericksburg, VA)
Virgil Avis Folden Investigation Summary
Here’s what you need to know about Fredericksburg, VA, stockbroker Virgil Alvis Folden
- Name: Mr. Virgil Alvis Folden
- Current Employer: Saxony Securities, Inc., dba Fredericksburg Financial Services
- Previous Firms: Sandlapper Securities.
- Function: Stock Broker/ Financial Advisor
- Aliases: Val Folden, Virgil Alvis Folden III
- Primary Location: Fredericksburg, VA
- CRD 1067585
- Can Virgil Alvis Folden be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: NO
- Highest Settlement: $80,000.
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Virgil Alvis Folden As Your Stockbroker?
In 10/2022 a Sandlapper Securities customer was paid $80,000 to resolve allegations that Virgil Alvis Folden mispresented GWG L Bonds and failed to disclose material facts concerning these investments.
Allegations of Broker Misconduct Against Virgil Alvis Folden
A customer of Virgil Alvis Folden has alleged the following wrongdoing in connection with the handling of customer accounts:
- Misrepresentation of GWG L Bonds
- Failure to disclose material facts concerning GWG L Bonds
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. For more investigations involving Alternative Investments, see this.
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Virgil Alvis Folden, contact us for a complimentary consultation with an experience 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.
