According to a Financial Industry Regulatory Authority (FINRA) Order Accepting Offer of Settlement, claims were brought against ARI Financial Services and William Candler. ARI and its owner, Candler, marketed private placements to retail broker-dealers, who, in turn, sold interests in these offerings to retail investors. In at least one instance, ARI sold interests in a private placement directly to investors. ARI and Candler allegedly facilitated ten private placement offerings during September 2009 until December 2012. FINRA found that the firm failed to establish and maintain a supervisory system reasonably designed to ensure that delegated supervisory responsibilities were properly exercised by Private Placement issuers’ employees. Candler was the registered principal responsible for establishing, maintaining and enforcing the Firm’s written supervisory policies and procedures. This is against securities rules and regulations.
If you have investments with ARI, please call our securities law offices today to speak to an attorney about your options. You may be able to sue the firm in the FINRA arbitration forum. Attorneys are standing by and the call to us is free.
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