Farmingdale, New York
JANUARY 2017 UPDATE-In January 2017, Wayne F. Ford was suspended by FINRA for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
AUGUST 2016 UPDATE-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.
FINRA records are public and can be accessed on the BrokerCheck website.
The FINRA records of Wayne F. Ford disclose a currently pending customer dispute, 5 prior final customer disputes, and 13 currently outstanding judgment/liens.
In currently pending FINRA Case 16-0687-a customer of Salomon Whitney Financial alleges unsuitability, breach of contract, negligent supervision, breach of fiduciary duty and violations of the Louisiana Securities Act. Damages are alleged to be $50,000.
Ford’s prior customer disputes include:
- FINRA Case 14-02534- a customer of Salomon Whitney Financial alleged unauthorized trading, churning, unsuitability and failure to supervise and damages of $244,125. That case was settled for $125,000.
Ford’s disclosures regarding judgements and liens includes:
- Internal Revenue Service tax lien in the amount of $68,010.
- New York State Commissioner of Taxation and Finance tax lien in the amount of $15,945.
Ford was registered with Salomon Whitney Financial from 11/2011-11/2016. He was previously registered with Rockwell Global Capital from 1/2011-12/2011. Prior to that he was registered with Brookstone Securities.
If you have losses in an account handled by Wayne F. Ford , and believe that your account was mishandled, call to discuss your 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