Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker Richard Finnell (Finnell) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Finnell was employed by Mwa Financial Services INC. at the time of the activity. If you have been a victim of Finnell’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $15,500.00 on December 22, 2020.
Customer alleges that Registered Representative Richard K. Finnell was involved in two unauthorized withdrawals totaling $39,250. The misappropriation of funds claim is on a fixed annuity certificate that is currently owned by the client’s Irrevocable Trust. The claim also alleges fraud in that Mr. Finnell forged a signature and witnessed a forged signature. This arbitration is a continuation of a dispute that was submitted as a written request for information on November 16, 2018 to Woodmen Financial Services, Inc. and a complaint to FINRA in March of 2019, Case No. 20190617285. This also relates to FINRA arbitration case 20-03730.