Clayton Wertz – Financial Advisor/Broker Clayton Wertz Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Clayton Wertz Financial Advisor CRD #2931973
Clayton Wertz was a formerly licensed financial advisor/broker with First Financial Equity Corporation and Aspen Equity Partners, LLC. According to FINRA, Clayton Wertz was barred from the securities industry in September 2019.
According to FINRA: Clayton Wertz consented to the sanction and to the entry of findings that he created false account statements for a customer in connection with securing a bank loan for $1.872 million. The findings stated that Clayton Wertz created a false account statement for the customer by changing the name, address and account number on another customer’s statement that showed the account holding more than $3 million in securities. Clayton Wertz gave the false account statement to the bank’s loan officer. Because the bank required copies of account statements each month, he created a false account statement for the customer every month. Clayton Wertz gave some of the false statements to the customer, knowing that the customer would provide them to the bank, and gave others directly to the bank. Clayton Wertz knew the account statements contained false values and that they would be submitted to the bank to obtain and maintain the loan. Clayton Wertz received $50,000 from the customer and the customer’s brother in payment for his actions. The customer’s entity subsequently borrowed additional money from the bank and was extended a line of credit based in part on the false account statements. The customer’s entity ultimately defaulted on its loans from the bank, resulting in a loss to the bank of more than $3.2 million.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Clayton Wertz 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 Clayton Wertz’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 Clayton Wertz 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.
Clayton Wertz, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Clayton Wertz