Wonnie Short, Financial Advisor Wonnie Short Barred from Securities Industry by FINRA

Wonnie Short, Financial Advisor Wonnie Short Barred from Securities Industry by FINRA | Goodman & Nekvasil P.A., May Recover Investor Losses

Wonnie Short CRD #2243627

Wonnie Short was a formerly licensed financial advisor with Raymond James & Associates, Inc. According to Wonnie Short’s CRD, Wonnie Short was barred from the securities industry in May 2016. According to Wonnie Short ’s CRD, Wonnie Short consented to the sanction and to the entry of findings Wonnie Short misused funds by failing to ensure that a charitable foundation received funds it was due from a client’s annuity, and instead he retained the funds for the client’s estate and, ultimately, his personal benefit. The findings stated that one of Wonnie Short’s clients executed a will naming him executor of her estate and leaving two-fifths of her residuary estate to him. When the client passed away, Wonnie Short was appointed executor. One of the assets held by the client at the time of her death was an annuity worth approximately $102,000. Pursuant to a beneficiary designation form, 90% of the annuity was to go to the local charitable foundation, which was also a customer of his member firm, and 10% was to go to the client’s estate. After Wonnie Short submitted a claim form for the annuity, the annuity company sent the clients estate a check for the full amount of the proceeds from the annuity and all of the funds were deposited into the estate’s account at the firm. The charitable foundation did not receive its portion of the annuity, approximately $92,000. As a result, when the residue of the estate was distributed, Wonnie Short received more than $30,000 in additional funds to which he was not entitled. When the foundation later asked Wonnie Short about the annuity, he falsely stated that the client had removed the foundation as a beneficiary.

According to Wonnie Short’s CRD, a customer dispute was filed alleging sales practice violations against Wonnie Short. According Wonnie Short’s CRD, claimants stated investments were unsuitable and Wonnie Short failed to disclose pertinent information. According to Wonnie Short’s CRD, this customer dispute was settled for $200,000.

If you lost any money on investments with Wonnie Short you may be able to recover your losses. If you lost money on investments with Wonnie Short 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 Wonnie Short’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 Wonnie Short  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. 

Wonnie Short, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Wonnie Short

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