Pump and Dump Scheme
Former WFG Investments, Inc. Client Wins FINRA Arbitration for $360,000 For Pump and Dump Scheme
Posted on Saturday, July 20th, 2019 at 8:20 pm
In April 2019, a former client of WFG Investments, Inc. won an award in a FINRA arbitration for compensatory damages for $358,387.21 for losses sustained from a pump and dump scheme. The investors were clients of brokers Wilson Williams (CRD# 834161) and David Williams (CRD# 4178982). Wilson Williams is solely liable for and shall pay […]
SEC Bars 40-Year Wedbush Securities Inc. Broker for Penny Stock Trading Scheme
Posted on Wednesday, May 2nd, 2018 at 9:33 pm
Were you the victim of former Wedbush Securities Inc. financial advisor Timary Delorme (CRD# 736418) who engaged in a penny stock pump-and-dump fraud? Delorme was registered with Wedbush Securities Inc. in Los Angeles, California from 1981 to April 2018, when he was terminated regarding, “Delorme was involved in a manipulative trading scheme. Delorme wilfully violated […]