Did You Suffer Investor Losses While Working With Western International Securities Broker Jeffrey Higgins? Our FINRA Broker Fraud Attorney Are Investigating Misappropriation Allegations
Shepherd Smith Edwards and Kantas FINRA Broker Fraud Attorney Team (investorlawyers.com) is speaking to investors who sustained losses while working with now barred Western International Securities financial advisor Jeffrey Thomas Higgins. The broker-dealer recently fired the Oregon stockbroker after finding that he has been allegedly misappropriating clients’ money since 2007 when he was still registered with Financial West Group. That brokerage firm was expelled from the industry in 2020.
Already, at least one Financial Industry Regulatory Authority (FINRA) arbitration claim has been brought against Higgins. The claimant, who made allegations of unsuitable investment recommendations and misrepresentations and omissions, settled their claim for over $94K.
Higgins was barred by the self-regulatory organization (SRO) after he purportedly refused to cooperate in FINRA’s investigation. The SRO notes that the ex-broker admitted to Western International Securities that he had engaged in the misappropriation and misdirection of client funds.
Western International Securities is part of Atria Wealth Solutions, which LPL Financial reportedly plans to acquire later this year.
17 years is a long time to be defrauding investors while under any broker-dealer’s supervision. Even if Western International Securities was unaware of Higgins’ financial advisor misconduct, it could be held liable for failing to detect, stop, or prevent the stockbroker fraud from happening.
Our broker-dealer negligence attorneys have sued Western International Securities for investors in the past, including for those who sustained serious losses in GWG L Bonds and other alternative investments. This brokerage firm has also come under scrutiny for purported Regulation Best Interest violations related to the sale of $13.3M of those purportedly fraudulent junk bonds. GWG Holdings is now accused of running a more than $1.6 B Ponzi scam.
Representing Investors Against Western International Securities & Other US Broker-Dealers
As one of the most seasoned broker fraud law firms in the US, Shepherd Smith Edwards and Kantas has represented thousands against brokerage firms in this country. We work with retail investors, retirees, accredited investors, sophisticated investors, inexperienced investors, high-net-worth investors, and institutional investors in recouping the damages they are owed because of financial advisors that engaged in theft, misappropriating, failure to supervise, unsuitable investment recommendations, churning, excessive trading, selling away, concentration, and more. The first step is to contact us today to request your free, initial case assessment.
We are former brokers who left that industry because of the bad behaviors we witnessed. Now, as dedicated and knowledgeable securities attorneys, we are focused exclusively on protecting investors like you. More than 90% of our clients have received full or partial financial recovery.
Call our FINRA Broker Fraud Attorney team (800) 259-9010 today.