Securities Lawyers Blog
Previously financial advisor Ashley Bolson (Bolson), previously employed by brokerage firm Cfd Investments, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $2,658,320.00 on June 29, 2021.
The complaint alleges several activities in relation to the sale of private placement investments that were sold away from CFD Investments, Inc. The allegations include the following: Fraud and non-disclosure, Negligent Misrepresentation, Breach of Fiduciary Duty; Negligence, Breach of Contract; Failure to Supervise/Respondeat Superior; and Violations of the Iowa Securities Act.