Lynn Alan Simon (Lynn Simon) Fired by CFD Investments, Inc. and Barred from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - Lynn Alan Simon (Lynn Simon) Fired by CFD Investments, Inc. and Barred from Securities Industry
From 2008 until Lynn Simon’s firing in 2013, Lynn Simon was licensed with CFD Investments, Inc. According to FINRA’s records, Lynn Simon was fired by CFD Investments, Inc. on May 21, 2013. CFD Investments, Inc. reported to FINRA that Lynn Simon was accused of engaging in an outside business activity through Financial Security Planning, Inc. which Lynn Simon did not disclose to CFD Investments, Inc., nor was it approved by CFD Investments, Inc. According to CFD Investments, Inc., this was in violation of FINRA rules and the policies and procedures of the Firm.
Subsequent to Lynn Simon’s firing by CFD Investments, Inc., FINRA investigated Lynn Simon and brought a disciplinary action against Lynn Simon. Lynn Simon was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on September 13, 2013. FINRA reports that Lynn Simon failed to respond to FINRA request for information.
FINRA reports that an arbitration claim was filed involving Lynn Simon’s conduct with CFD Investments, Inc., alleging that Lynn Simon sold unsuitable investments and engaged in negligent account management; violated the Indiana Securities Act by engaging in misrepresentations, and selling unregistered securities; breach of contract, breach of fiduciary duty; and violations of FINRA and NYSE rules. This arbitration claim was settled for $247,850. FINRA also reports that an arbitration claim involving Lynn Simon’s conduct with a prior employer was settled.
If you lost any money on investments with Lynn Simon, you may be able to recover your losses from CFD Investments, Inc. This is because CFD Investments, Inc. had a duty to supervise Lynn Simon.
If you lost money on investments with Lynn Simon 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 CFD Investments, Inc. concerning Lynn Simon’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 $300 million on behalf of victimized investors. If you lost money on investments with Lynn Simon 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.
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