FINRA Suspends SMITH, BROWN & GROOVER, INC. Broker, WALTER BISH – Goodman & Nekvasil, P.A. May Recover Losses
FINRA Suspends SMITH, BROWN & GROOVER, INC. Broker, WALTER BISH.
CRD#: 3214712
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
WALTER CHARLES BISH (CRD#: 3214712), a broker for SMITH, BROWN & GROOVER, INC., in MACON, GA, is suspended from the securities industry. According to FINRA allegations, From July 2014 to February 2018, Bish recommended a trading strategy to certain of his customers without fully understanding the features and risks of the strategy or the exchange-traded note (ETN) that the strategy primarily invested in. Therefore, he did not have a reasonable basis to recommend the strategy to any customer, in violation of FINRA Rules 2111 and 2010.
From July 2014 to February 2018, Bish recommended that seven of his customers engage in a trading strategy through the firm even though he did not fully understand the features and risks of that strategy.
Bish consented to a three-month suspension from associating with any FINRA member in all capacities, and a $5,000 fine.
Two of Hemingway’s customers received settlements after filing FINRA arbitration claims in 2019. The claimants alleged that they were sold a volatility-linked product.
FINRA Suspends SMITH, BROWN & GROOVER, INC. Adviser, Walter Bish.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 11/08/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.