1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Lawsuit filed against Signator Investors to recover investment losses

The White Law Group announces the filing of a FINRA arbitration claim against Signator Investors to attempt to recover investment losses in a Colonial Tidewater Realty Income investment recommended by former Signator advisor James Glover.

 
PRLog - Aug. 1, 2014 - ST. LOUIS -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Signator Investors.  This claim seeks to recover losses between $250,000 and $499,999.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a Missouri investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Signator Investors unsuitably invested the client in Colonial Tidewater Realty Income Partners, Inc., as well as certain insurance products.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Signator Investors failed to perform the necessary due diligence on these investments prior to recommending them to this particular investor.

On May 11, 2012, the financial advisor of record for this investor, James Glover, resigned from Signator during Signator’s internal investigation into allegations that Glover misappropriated funds from a customer and conducted undisclosed outside business activities through which he sold unregistered securities products.

On or about December 18, 2012, Mr. Glover signed a Letter of Acceptance, Waiver and Consent wherein he agreed to a permanent bar from the securities industry.

Mr. Glover’s FINRA Broker Report indicates that he has been named in 55 customer complaints.

When asked about the claim, D. Daxton White, the firm's managing partner, stated "This claim appears to bear striking similarities to other claims filed against Signator Investors involving Colonial Tidewater and Mr. Glover."

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.

Contact
The White Law Group
312-238-9650
***@whitesecuritieslaw.com

--- End ---

Click to Share

Contact Email:
***@whitesecuritieslaw.com
Source:The White Law Group
Location:St. Louis - Missouri - United States
Industry:Business, Legal
Tags:James Glover, Colonial Tidewater, Signator Investors, Colonial Realty, Colonial Income
Shortcut:prlog.org/12355105
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share