Published On: January 11, 2017

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), SDDCO Brokerage Advisors was accused of allowing a broker to solicit 12 investors to invest in two private offerings. This was against securities rules. Allegedly, from July 2013 until September 2013, the broker solicited nine investors to invest a total of $1 million in a private offering of a company. At the time, the broker did not hold any securities registrations. During the same period, the same broker solicited three other investors to invest $200,000 in a private offering of shares with another company. For this, the company was fined $7,500 and censured.

If you invested with SDDCO Brokerage Advisors and lost money, we may be able to help you recover those losses on a contingency fee basis. Please call our Chicago, Illinois-based law firm at 312-332-4200 to speak to one of our attorneys for free. There is no obligation. SDDCO may be liable for your losses. We sue firms in the FINRA arbitration forum for customers.

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