Jodi Padgett, Financial Advisor Under Investigation by FINRA | Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses | Jodi Padgett, Financial Advisor Under Investigation by FINRA
Jodi Padgett has been a licensed financial advisor with Royal Alliance Associates, Inc. since 1995. FINRA reports that Jodi Padgett is under investigation related to allegations of failing to timely and accurately disclose outside business activity. FINRA reports that Jodi Padgett was named a respondent in a FINRA complaint alleging that she engaged in an undisclosed and unapproved outside business activity with a dealer involving the sale of precious metal bullion coins. The complaint alleges that Jodi Padgett failed to disclose the outside business activities in writing, via an outside business request form to Jodi Padgett’s member firm. The outside business activities included referring individuals to the dealer for the purpose of those individuals purchasing bullion coins and the dealer paying a referral fee as compensation. Jodi Padgett made referrals that involved the firm's customers. The firm's policy permitted its registered representatives to sell only products approved by it. In addition, the firm's sales practice manual prohibited firm registered representatives from assisting a customer in the purchase or sale of gold, silver or other precious metals.
If you lost any money on investments with Jodi Padgett, you may be able to recover your losses from Royal Alliance Associates, Inc. This is because Royal Alliance Associates, Inc. had a duty to supervise Jodi Padgett.
If you lost money on investments with Jodi Padgett 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 Royal Alliance Associates, Inc. concerning Jodi Padgett’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 Jodi Padgett 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