What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: March 10, 2016

The Financial Industry Regulatory Authority (FINRA) recently barred three advisors from the industry for allegedly stealing from clients. The first broker was Nahuel Rodriguez, a former advisor with Primerica Financial Services, who allegedly stole $26,144 from investors, three of whom were self-employed housekeepers. He allegedly told one of the customers to liquidate her IRA by falsely telling her that he would transfer money to a new account that would produce greater returns. He also impersonated one of the customers when he directed his firm to liquidate the customer’s joint account at the firm. Once the firm had, he told the joint account customers that the firm mistakenly had wired money from his account into theirs. It was then that he took the money for himself.

The second broker was Lori Hermanson, who worked as a treasurer for a non-profit and allegedly stole $26,000 between January 2012 and November 2015. Hermanson was a contract broker with Transamerica Financial Advisors at the time.

The third broker was William Roldan, a JP Morgan Chase bank employee, who stole $26,000 from clients via ATM withdrawals between July and November of 2015. Roldan was immediately terminated. If you lost money with any of the above brokers, please call our securities law firm in Chicago to speak to an attorney about your options of recovering. The call is free.

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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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