Walter Warren Parker (Walter Parker) – Financial Advisor/Broker Walter Parker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Walter Warren Parker (Walter Parker) CRD #2131232
Walter Parker was formerly licensed with Titan Securities in Rowlett, Texas. According to Walter Parker’s CRD, Walter Parker was suspended from the securities industry for 1 month and fined $7,500. FINRA reports that Walter Parker consented to the sanctions and to the entry of findings that Walter Parker made investment recommendations to a customer that were not suitable given her age, risk tolerance, financial experience and liquidity. The findings stated that the customer had little prior experience investing and no experience investing in alternative investments. Immediately upon opening her account, Walter Parker recommended that the customer invest her funds into illiquid, alternative investments. The source of these funds was the customer’s retirement account. The customer suffered significant losses in the alternative investments. She claimed that as a result of her investment losses she was forced to obtain full-time employment. The customer later entered into a settlement with the member firm and Walter Parker to compensate her for her losses in the accounts.
According to Walter Parker’s CRD, eight customer disputes alleging sales practice violations against Walter Parker have been filed. According to Walter Parker’s CRD, these disputes alleged unsuitable investments among other allegations. According to Walter Parker’s CRD, one of these disputes settled for as much as $118,000.
If you lost money on investments with Walter Parker 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 concerning Walter Parker’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Walter Parker 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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