Goodman & Nekvasil P.A., May Recover Investor Losses – Edward Nelson Colburn Jr. (Ted Colburn) Licensed with Great American Investors, Inc.
Ted Colburn has been licensed with Great American Investors, Inc. since 2006. FINRA reports that two complaints were filed involving Ted Colburn’s conduct with Great American Investors, Inc., alleging failure to manage assets in accordance with client’s directions and/or mismanagement of claimants’ accounts. These complaints both settled.
FINRA reports that Ted Colburn was previously fired by Wachovia Securities, LLC. Wachovia Securities, LLC reported to FINRA that Ted Colburn was accused by a client of unauthorized purchases.
FINRA also reports that Ted Colburn was previously suspended from the securities and investment banking industry for 75 days, fined $10,000, and forced to requalify by examination as a general securities representative. FINRA reports that Ted Colburn executed unauthorized trades in public customers’ accounts. FINRA reports that, in addition, Ted Colburn, during the same period, executed discretionary trades without prior written authorization in the account of a customer. According to FINRA, for the trades in question, Ted Colburn falsely marked the order tickets unsolicited, although these trades were in fact solicited.
If you lost any money on investments with Ted Colburn, you may be able to recover your losses from Great American Investors, Inc. This is because Great American Investors, Inc. had a duty to supervise Ted Colburn.
If you lost money on investments with Ted Colburn and believe that 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 Great American Investors, Inc. concerning Ted Colburn’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 $300 million on behalf of victimized investors. If you lost money on investments with Ted Colburn 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.
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