David Ferwerda, Financial Advisor Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses on Woodbridge Mortgage Investment Funds
Goodman & Nekvasil P.A., May Recover Investor Losses on Woodbridge Mortgage Investment Funds | David Ferwerda, Financial Advisor Barred from Securities Industry
David Ferwerda was licensed with Signator Investors, Inc. from 2012 to 2018. FINRA reports that David Ferwerda was discharged from Signator Investors, Inc. on March 20, 2018. Signator Investors, Inc. reported to FINRA that David Ferwerda was allegedly involved in the sale of Woodbridge Mortgage Investment Funds.
David Ferwerda was barred from the securities and investment banking industry by FINRA on October 30, 2018. FINRA reports that David Ferwerda consented to the sanction and to the entry of findings that David Ferwerda failed to provide FINRA with requested documents and information, during the course of an ongoing examination, in connection with FINRA’s review of David Ferwerda’s participation in sales of notes related to the Woodbridge Group of Companies LLC.
The SEC recently filed an action alleging that the Woodbridge Mortgage Investment Fund is a Ponzi Scheme. According to the SEC, Woodbridge Mortgage Investment Fund raised more than $1.22 billion from over 8,400 unsuspecting investors nationwide through fraudulent unregistered securities offerings. The SEC alleges that this fraudulent scheme collapsed in December 2017 and left investors with "substantial losses", as they are owed at least $961 million in principal.
If you lost any money on investments with David Ferwerda, you may be able to recover your losses from Signator Investors, Inc. This is because Signator Investors, Inc. had a duty to supervise David Ferwerda.
If you lost money on investments with David Ferwerda and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Signator Investors, Inc. concerning David Ferwerda’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with David Ferwerda and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.Back to Blogs