George McCaffrey – George Louis McCaffrey III, Formerly Licensed with NTB Financial Corporation, Suspended from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses
George McCaffrey was suspended from the securities and investment banking industry on September 10, 2018. FINRA reports that George McCaffrey consented to the sanctions and to the entry of findings that without first providing notice to his member firm, George McCaffrey participated in 22 undisclosed private securities transactions in which nine investors, including one firm customer, purchased $1,775,000 in debt and equity securities. The findings stated that George McCaffrey introduced the nine individuals to representatives of a greenhouse building and leasing company, so they could invest in the company. The findings also stated that George McCaffrey reviewed, and edited documents relating to the investments, forwarded investment-related documents to the customers, and communicated with the customers about their investments. According to FINRA, those investors purchased $1,775,000 in promissory notes of the greenhouse building and leasing company and preferred stock in one of the company’s affiliates. The findings also included that in connection with these transactions, the company paid $124,250 in commissions to an entity controlled by George McCaffrey’s wife. FINRA found that the transactions were not executed through the firm, and George McCaffrey did not give the firm prior written notice that he would be participating in them. FINRA also found that George McCaffrey incorrectly indicated on the firm’s annual compliance questionnaire that he had not participated in any private securities transactions.
If you lost any money on investments with George McCaffrey, you may be able to recover your losses from NTB Financial Corporation. This is because NTB Financial Corporation had a duty to supervise George McCaffrey.
If you lost money on investments with George McCaffrey 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 NTB Financial Corporation concerning George McCaffrey’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 George McCaffrey 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.