John Al Westbrook (Al Westbrook) – Financial Advisor/Broker Al Westbrook Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Al Westbrook was a previously licensed financial advisor/broker with Center Street Securities, Inc. According to FINRA, Al Westbrook was suspended for five months and fined $5,000 in November 2020.
According to FINRA Allegations:
Westbrook consented to the sanctions and to the entry of findings that he participated in private securities transactions totaling $350,335 without prior disclosure to or approval from his member firm. The findings stated that Westbrook solicited investors to purchase securities of a company that represented itself as a structured cash flow investment. Westbrook received a total of $14,013 in commissions in connection with his sales of the company’s securities. Later, the company ceased business, owing nearly $300 million in unpaid investor payments. In a subsequent indictment, the United States charged the company and its owner with conspiracy to engage in mail and wire fraud related to the company’s operations.
According to Al Westbrook’s BrokerCheck Reports:
Customer Dispute 6/22/20: Allegations include unsuitability, negligence – the rep sold a product not approved by CSS and never told us what he was doing. This customer dispute is pending and seeks $290,000 in damages.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Al Westbrook 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 concerning Al Westbrook’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 $200 million on behalf of victimized investors. If you lost money on investments with Al Westbrook 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.
Some of the information in this blog post was obtained on 11/18/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.