David Ferwerda, formerly with Signator Investors, Barred from Securities Industry

Have you lost money with financial advisor David Ferwerda from Grand Rapids, Michigan?  We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against David  Ferwerda.  FINRA barred Dave Ferwerda from the securities industry after he failed to respond to an investigation.  David Ferwerda or Dave Ferwerda was being investigated regarding allegations that he sold investments in the Woodbridge Group of Companies.  Woodbridge recently filed for bankruptcy, and investors will likely suffer substantial losses.  It was also alleged that he sold investments in 1 Global Capital.

David Carl Ferwerda was a registered representative and financial advisor with Signator Investors from September 2012 to March 2018.  He worked out of a branch office in Grand Rapids, Michigan.  He was also terminated by Signator for his sales of Woodbridge and 1 Global Capital.

Broker-dealers like Signator Investors have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations.  When broker-dealers 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 Ann Arbor, Michigan; Denver, Colorado; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan.  Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area.  We have also represented a number of victims who had their money stolen by Michigan brokers, including Christopher Tolmacs.  Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including Signator Investors.

Click to view:  Ferwerda, David FINRA AWC

Click to view:  Ferwerda, David BrokerCheck 10.31.18

If you lost money with David Ferwerda and Signator Investors, and want to hear about ALL legal options, please CONTACT ISRAELS & NEUMAN at 720-599-3505 for a Free Consultation.

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.