WARNING! Stephen Winkelman from Wichita, Kansas
Have you lost money with financial advisor Stephen Winkelman of Wichita, Kansas? We are continuing our investigation into allegations made the Kansas Securities Commission, against Stephen E. Winkelman, Jr. The Kansas Securities Commission revoked Winkelman’s securities license after he failed to respond to an investigation.
Kansas was investigating Stephen Winkelman regarding allegations that he sent consolidated reports to an elderly (and now deceased) customer with inflated values. One report showed that the customer had cash equivalents of $32,856 and stocks and bonds valued at $268,560; in actuality, Winkelman overstated the cash value by $30,843, and the stocks and bonds values by $266,858 (for a total of over $297,000).
Stephen Winkelman was a financial advisor and registered representative of Independent Financial Group, Inc. from January 2013 to May 2014 and with Centaurus Financial from September 2006 to December 2012. He worked at a branch office in Wichita, Kansas. Winkelman has been the subject of at least one customer complaint, and he also was banned by FINRA (the Financial Industry Regulatory Authority) for this conduct. He was also terminated by both Independent Financial Group for using an unauthorized email address to communicate with customers.
Brokerage firms like Independent Financial Group and Centaurus Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; the Seattle area; Chicago; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Kansas. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Winkelman, Stephen KS ORDER
Click to view: Winkelman, Stephen BrokerCheck 11.11.16
HAVE YOU LOST MONEY WITH STEPHEN WINKELMAN, INDEPENDENT FINANCIAL GROUP, OR CENTAURUS FINANCIAL?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Aaron Israels: (720) 599-3505
David Neuman: (206) 795-5798
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.