Goodman & Nekvasil P.A., May Recover Investor Losses | Guy Stanley Waltman (Guy Waltman), Financial Advisor Suspended from Securities Industry
Guy Waltman has been licensed with UBS Financial Services, Inc. since 2006. FINRA reports that Guy Waltman was suspended from the securities industry on March 18, 2019. FINRA reports that Guy Waltman consented to the sanction and to the entry of findings that Guy Waltman failed to disclose to Guy Waltman’s member firm that he had investment control over five securities accounts for a customer and her trust at three other broker-dealers. The findings stated that the customer appointed Guy Waltman trustee of her trust and as her power of attorney for the securities account that she held at a broker-dealer (first broker-deaend, a registered representative at the second broker-dealer, to open for the customer and the trust. FINRA reports that Guy Waltman’s friend later moved to the third broker-dealer and transferred the customer-related accounts with him. FINRA reports that the transfers to the second and third broker-dealers each included two securities accounts for which Guy Waltman served as trustee. FINRA reports that Guy Waltman did not disclose any of the customer or trust accounts on any of the firm affirmations he completed on an annualer). FINRA reports that Guy Waltman then transferred the customer’s assets held with the first broker-dealer into new accounts at a second broker-dealer that he asked his fril basis, preventing his firm from properly supervising his outside accounts, thereby exposing the firm to risk, and curtailing its ability to fulfill its regulatory obligations.
FINRA reports that the findings also stated that the account opening documents for the customer and trust accounts at the three broker-dealers failed to disclose Guy Waltman’s association with his firm. On the contrary, according to FINRA, the form Guy Waltman signed that designated him as power of attorney for the account falsely listed his occupation as attorney, the account opening forms prepared by his friend for the trust accounts at the second broker-dealer reflected that he was retired and not employed by a FINRA member, and the account opening forms for the trust accounts at the third broker-dealer reflected that he was not employed.
If you lost money on investments with Guy Waltman 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 Guy Waltman’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 Guy Waltman 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.