What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: January 13, 2017

If you lost money with Thompson Davis, your losses may be recoverable through the Financial Industry Regulatory Authority (FINRA) arbitration claims process on a contingency fee basis. Thompson Davis failed to properly supervise one of its advisors, Victor M. Dandridge III. Dandrige was a broker in the Richmond, Virginia branch of Thompson Davis. Mr. Dandridge admitted to stealing substantial amounts of a client’s money when his businesses were failing. Dandridge allegedly decreased the client’s assets from $6.9 million to less than $2 million and the client is seeking more than $6 million in damages from the firm. Dandridge admitted to stealing and mismanaging funds and a criminal investigation was launched by the FBI in October. Dandridge also allegedly lied to the client about withdrawals in her account and to requesting a lien on a home for his personal benefit. He also admitted to transferring $800,000 of the client’s money into at least two business entities he controlled and admitted to purchasing securities that were too risky for the client. These are against securities rules and regulations. Thompson Davis losses can be recovered in the FINRA forum on a contingency fee basis to recover investment losses. Please call 312-332-4200 today to speak to an attorney for free and find out how.

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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.

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