Failing to Supervise Costs WFG Investments $700,000

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Failing to Supervise Costs WFG Investments $700,000

After allegedly failing to supervise its representatives, the Financial Industry Regulatory Authority (FINRA) fined WFG Investments Inc. $700,000.00. FINRA stated that WFG had failed to supervise their representatives in six areas of supervision. FINRA also alleged a failure to conduct adequate due diligence with regard to the sale of private securities transactions, alternative investments, and other private placement offerings.

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By |2019-12-24T11:02:45-05:00February 23rd, 2015|Securities|0 Comments

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