Monthly Archives: August 2018

Sonya Carmaco – LPL Financial – Securities Investigation

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Sonya Camarco

Investigating Potential Securities Claims – Sonya Camarco

The White Law Group is investigating potential claims involving financial advisor Sonya Camarco and the liability that LPL Financial may have for failing to properly supervise her.

According to her FINRA broker report, Camarco was dismissed from LPL Financial in August 2017 for allegedly “depositing third party checks from client accounts into a bank account she controlled and accessing client funds for personal use.”

In August, the SEC charged Camarco with using her company Camarco Investments, Inc., to allegedly steal over $2.8 million in investor funds from her clients and customers.

According to various reports, Camarco allegedly used investor accounts to pay hundreds of thousands of dollars in credit card bills and took cash advances on investor accounts.

Camarco was registered with LPL Financial LLC in Colorado Springs, CO from February 2004 until August 2017, according to her FINRA BrokerCheck report. She has 9 customer complaints filed against her, 4 of which are pending, according to her broker report.

If you suffered losses investing with Sonya Camarco and LPL Financial, the securities attorneys at The White Law Group may be able to help you.  For a free consultation with a securities attorney, please call the offices at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, and its representation of investors, please visit our website at http://www.whitesecuritieslaw.com.

 

 

Austin Dutton & Newbridge – Investors may have claims

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Austin DuttonSecurities Fraud Investigation – Austin Dutton – Newbridge

Have you suffered losses investing with Austin Dutton and Newbridge Securities in Doylestown, PA? The securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claims against the firm.

According to Austin Dutton’s FINRA BrokerCheck report, he was fined $200,000 in July 2017 for allegations of “dishonest or unethical practices in the securities business,” by the Pennsylvania Department of Banking and Securities.

Newbridge Securities, Dutton’s employer at the time, was also reportedly fined $499,000 by the Pennsylvania state regulator for allegedly failing to supervise a broker in connection with sales of structured products to his clients in the state.

Dutton was registered with Newbridge Securities Corp. in Doylestown, PA from 2007 through August 2017, according to his Broker Check report. He has 14 pending customer disputes listed on his broker report since November 2017 for allegations of unsuitability, negligence and misrepresentation, among others.

Investigating Potential Claims

The White Law Group continues its investigation regarding former financial advisor Austin Dutton and the liability that Newbridge Securities may have for failure to supervise him.

Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Austin Dutton’s former employers failed to properly supervise him, the firm may be held responsible for the losses in a FINRA arbitration claim.

If you have suffered losses investing with Austin Dutton and would like a free consultation to discuss your litigation options, please call the securities attorneys at The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.