Northwest Capital Financial Managers Charged With Cheating Customers – Goodman & Nekvasil, P.A.
Northwest Capital Financial Managers Charged With Cheating Customers.
The indictments charge the seven financial managers with cheating at least 200 clients out of more than $72 million.
According to the indictment, Prosecutors allege that from January 2011 to December 2021 the defendants solicited clients to buy alternative investments from securities issuers without fully disclosing the managers’ conflicts of interest.
In total, more than 700 investments from at least 200 people – roughly $72 million combined – were allegedly mismanaged.
Northwest Capital Financial Managers Charged With Cheating Customers Out Of 72 Million.
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 7/18/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.