Monthly Archives: November 2019

Cronos Group (CRON) Investment Losses

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Cronos Group Securities Investgation, Featured by Top Securities Fraud Attorneys, The White Law GroupPot Stock Losses: Cronos Group Securities Investigation

Have you suffered losses investing in Cronos Group (CRON) at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA arbitration.

According to the Wall Street Journal yesterday, Investors in cannabis companies are finding their money is “going up in smoke” this week after a round of sad earnings reports.

Cronos Group Inc. reportedly operates as a diversified and vertically integrated cannabis company. The Company offers production and distribution platforms of medical marijuana, as well as cultivates cannabis oil and serves customers in Canada.

According to Yahoo Finance, shares of Cronos Group reportedly dropped 49% in the past year, with an 18% dive in September after recent vaping related incidences have caused some regulatory bans on the products like e-cigarettes. 

Cronos, who reportedly viewed vaping products as a key growth driver, is under pressure with these regulatory bans and consumers’ fears regarding product safety.

Securities Investigation

The White Law Group is investigating potential securities fraud claims involving broker dealers who may have unsuitably recommended pot stocks like Cronos Group to investors.

Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Investment recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.

 Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.

If you have suffered losses investing in Cronos Group or another pot stock, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 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 Franklin, Tennessee.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.

Brian J. Lockett Broker Investigation

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Brian J. Lockett Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor Brian J. Lockett, Independent Financial Group in Lynnwood, Washington

Are you concerned about investments with Brian J. Lockett in Lynnwood, Washington? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority on November 12, the regulator reportedly suspended financial advisor Brian J. Lockett after it was determined that  he allegedly participated in a private securities transaction without providing prior written notice to his member firm.

According to the Letter of Acceptance, Waiver & Consent posted on Nov. 12, Lockett has reportedly been suspended for 45 calendar days and fined $5,000.

According to his FINRA BrokerCheck report, Lockett is currently affiliated with Independent Financial Group in Lynnwood, Washington and has been since 2013. Prior to that, he reportedly worked for Geneos Wealth Management. Lockett reportedly has 9 customer complaints filed against him. Allegations include “sale of unapproved and unsuitable investments in oil and gas and a penny stock,” among others, according to his broker report.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Lockett’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable or unapproved investments or selling private securities transactions without approving it with their employer, the brokerage firm they are working with may still be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

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

We represent investors in FINRA arbitration claims in all 50 states, including Washington. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with Brian J. Lockett, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.