Joseph Whitney – Financial Advisor/Broker Sanctioned by New Jersey Bureau of Securities | Goodman & Nekvasil, P.A. May Recover Investor Losses
Joseph Whitney was a previously licensed financial advisor with Wedbush Securities and UBS Financial Services. According to Joseph Whitney’s BrokerCheck report, Whitney was sanctioned by the New Jersey Bureau of Securities in January 2021.
The New Jersey Bureau of Securities Alleges:
Whitney engaged in dishonest and unethical practices in the securities business by (1) violating UBS’ Reporting Client and Other Complaints policy and failing to timely report a complaint to UBS. (2) violating UBS’ Prohibition Against Selling Away policy and referring his customer to his wife, M-Whitney for a private real estate investment. (3) violating UBS’ COI Policies by, among other things, failing to address the conflict of interest that arose through referring a customer to M-Whitney, and putting his own interest before his customer’s interests. (4) recommending CG take out the Securities Backed Loan without a reasonable basis that it was suitable.
Customer Dispute 11/3/2020: The client’s attorney alleges fraud and a breach of fiduciary duty by the Financial Advisor in asking him to invest in a project with his wife. The attorney further alleges the Financial Advisor did not disclose that his wife and her family were not strangers to fraud schemes. This customer dispute is pending and seeks $2,000,000 In damages.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Joseph Whitney 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 Joseph Whitney’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 Joseph Whitney 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 9/8/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.