Eric Sampson, formerly of Girard Securities, Inc., subject of Utah Regulatory Action
Have you lost money with financial advisor Eric H. Sampson of St. George, Utah? We are investigating allegations made by the Utah Division of Securities. The Utah Division of Securities brought a complaint, alleging that Sampson had solicited investors to invest in a number of entities, including:
- Shooks Run, LLC
- Wright Total Indoor Comfort, Inc.
- The Hills at Santa Clara, Inc.
- Santa Clara Hills Holding, LLC, and
- Golden Assets, LLC
Eric Sampson and his wife Niki were alleged to have operated a registered investment advisory firm called My Investment Advisor, Inc. (or My IA). Utah alleged that Sampson raised more than $6.2 million from at least 26 investors between 2010 and 2015, through the sale of promissory notes of Shooks Run, Wright Total Indoor Comfort, the Hills at Santa Clara, Santa Clara Hills Holding, and Golden Assets. Utah further alleged that Eric Sampson and his wife, Niki, misrepresented and omitted material risks to investors. It was further alleged that Sampson and his wife misused at least $1.2 million of investor funds on personal expenses, and that at least $661,000 was used to pay off other investors as “interest” payments. Utah seeks to bar Sampson from the securities industry.
Eric Sampson was a financial advisor and registered representative of Girard Securities from April 2010 to May 2012. He also was affiliated with World Choice Securities from June 2012 to December 2012. He worked at a branch office in St. George, Utah. Sampson has also been the subject of at least three customer complaints.
Brokerage firms like Girard Securities and World Choice Securities 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in southwest Utah and the St. George area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Sampson, Niki Utah Complaint
Click to view: Sampson, Eric Utah Complaint
Click to view: Sampson, Eric BrokerCheck 2.24.17
IF YOU LOST MONEY WITH ERIC SAMPSON OR GIRARD SECURITIES, PLEASE CONTACT US AT (720) 599-3505 FOR A FREE EVALUATION OF YOUR CASE.
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.