Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against Stuart Graham Dickinson and WFG Investments, Inc. for fraud, failure to supervise and unsuitable investments into limited partnerships. According to Mr. Dickinson’s FINRA BrokerCheck, he has been the subject of at least two (2) customer complaints and two (2) regulatory investigations.
According to FINRA, Stuart Dickinson sold securities without reasonable grounds for believing that the investment was suitable for any investor. The findings stated that Mr. Dickinson sold more than $1 million of limited partnership interests in a company whose purported business was to acquire and operate automated teller machines (ATMs) to seven customers while he was associated with WFG Investments, Inc. The company did not own any ATMs. WFG Investments, Inc.’s permitted Mr. Dickinson to sell interests in the company as private securities transactions. Mr. Dickinson recommended the securities without first conducting adequate and reasonable due diligence on the company. Mr. Dickinson failed to verify or confirm information he obtained from interested parties, and failed to detect multiple red-flag warnings that the company was a fraudulent Ponzi scheme. As a result, the customers lost their entire investments. If Mr. Dickinson had conducted a reasonable investigation, he would have recognized red flags indicating that the offering was fraudulent and thus unsuitable for any investors regardless of their wealth, risk tolerance, age or other individual characteristics.
If you or someone you know lost money investing with Stuart Dickinson and/or WFG Investments, Inc., you may be entitled to recover your investment losses through FINRA arbitration. CMD accepts cases on a contingency fee basis, which means we only get paid if you get paid. Your time to file a claim may be limited, so contact us today at (212) 658-0458 or email@example.com for a free and confidential case evaluation.