The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Florida-based brokerage firm JW Cole Financial (CRD# 124583).
Formed in Florida in 2002, JW Cole Financial is headquartered in Tampa, Florida and registered with 51 US states and territories. Robert Julian Wood is President, Vice President, treasurer, and Chief Financial Officer; Raymond Joseph Ashe, Jr. is Designated Municipal Principal; John Richard Carlson is Financial Operations Principal; Paul Stephen Caron is Chief Compliance Officer; Melissa Ann Mita is Chief Operations Officer.
According to the firm’s BrokerCheck report, JW Cole Financial is not the subject of any customer complaints or regulatory sanctions. However, a number of its current and former employees are the subject of such.
Richard Lewis (CRD# 1882721), a broker who has been registered with JW Cole Financial since 2013, is the subject of one customer complaint and one regulatory sanction, and was discharged from his previous position at LPL Financial.
In 2014 the Financial Industry Regulatory Authority (FINRA) sanctioned Richard Lewis following allegations he executed discretionary trades, while employed at LPL Financial, without obtaining prior written authorization. Mr. Lewis was issued a 20-day suspension and a $5,000 fine.
In 2013 a customer alleged Richard Lewis, while employed at LPL Financial, converted funds, engaged in unjust enrichment, breached contract, and violated the Securities and Exchange Act of 1934. The complaint settled in 2014 for $32,859.
In 2013 Richard Lewis was terminated from his position at LPL Financial following allegations involving “unprofessional communications, excessive trading and fees, and unauthorized trading.”
Deanna Williamson (CRD# 4399708), a broker who has been registered with JW Cole Financial since 2013, is the subject of two regulatory sanctions and was discharged from her previous position at LPL Financial.
In 2013 the California Department of Insurance sanctioned Deanna Williamson following unspecified allegations. Ms. Williamson was issued a 30-day suspension of her insurance license.
In 2012 FINRA sanctioned Deanna Williamson following allegations she falsified documents by attaching copies of signature pages of eleven customers to sixteen documents, causing her member firm, LPL Financial, to have inaccurate books and records. Ms. Williamson was issued a $10,000 fine and a 4-month suspension from associating with any FINRA member firm in any capacity.
If you have lost money investing with JW Cole Financial, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.