What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: August 23, 2016

According to a recent disciplinary proceeding with the Financial Industry Regulatory Authority (FINRA), Craig David Dima was accused of making fraudulent misrepresentations and omissions to his firm, K.C. Ward Financial. Mr. Dima made approximately 41 unauthorized sales of Colgate-Palmolive Company stock in the account of a customer, who was a senior. This occurred from June 2010 until August 2015. Dima falsely told the customer that the sales were the result of computer issues, human error or statements to that effect, rather than unauthorized trades. He also, on 11 separate occasions, sold all or almost all of the “blue chip” dividend-paying stock and then purchased the same stock in the customer’s account. Because of these trades, the senior client paid costs of approximately $376,000 and was deprived of approximately $127,000 in dividend payments. The client also suffered losses of approximately $72,000 from three of the unauthorized, sell/buy sequences of Colgate transactions.

According to his online, FINRA BrokerCheck report, Dima was registered with Lew Lieberbaum & Co., RM Stark & Co., Meyers Pollock Robbins, Inc., Andrew, Alexander, Wise & Company Inc., Foster Jeffries Co., Inc., La Jolla Capital Corp., IAR Securities Corp., Ash Financial Corp, Schneider Securities, Joseph Charles & Assoc., Sterling Financial Investment Group, First Montauk Securities, Harrison Securities, LH Ross & Company, Andrew Garrett Inc., and American Capital Partners. He is currently registered with KC Ward Financial in Ronkonkoma, New York and has been since September 2009. He has five customer disputes against him, one of which is currently pending, and one criminal disposition. If you or someone you know lost money with Dima, please call our securities law offices in Chicago today. We may be able to bring a case against his firm, KC Ward Financial, in the FINRA arbitration forum on a contingency fee basis to help you recover your investment losses. The call to us is free with no obligation.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys