Stoltmann Law Offices is investigating Warren Horney, who was recently suspended from the industry by the Financial Industry Regulatory Authority (FINRA). Horney allegedly failed in his capacity as Vice President of Due Diligence at his member firm, WFP Securities, to reasonably review and approve the suitability of certain alternative investments recommended by his firm’s representatives. For this, he was suspended from acting in any principal capacity and fined $5,000. He was also accused of breaching fiduciary duty, acting negligently, misrepresenting material facts and failing to supervise his representatives. Brokers such as Warren Horney have a responsibility to do their due diligence, and if they do not, can be held liable for investment losses. If you suffered investment losses because of Warren Horney or another broker, you can call our securities law firm in Chicago to speak to an attorney about your options. The call is free with no obligation.
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