Fitapelli Kurta is interested in speaking to investors who have lost money investing with WRP Investments, a subsidiary of Sterne Agee Financial Services.
WRP Investments is a broker-dealer financial firm based in Youngstown Ohio. WRP Investments has over 350 independent advisors, primarily located in the U.S. Midwest. WRP Investments was formed in 1976 in Ohio and it is currently registered with both the SEC and FINRA. Sterne Agee Financial Services acquired WRP Investments in April 2014.
WRP Investments has a history of FINRA violations and investor complaints. The following are notable FINRA violations or complaints filed against either WRP Investments or its brokers:
- In August 2011, WRP Investments was fined $10,000 for failing to accurately report 2 municipal securities transactions. Specifically, the execution price on the report did not match the execution price on the order ticket and trade confirmation provided to WRP Investments investors. Additionally, for 3 municipal securities transactions, WRP Investments’ brokers reported the transactions to the investor but not to WRP Investments. WRP Investments had no procedure in place to handle this sort of negligence or misconduct and was in violation of FINRA rules.
- In March 2011, an investor was awarded $410,000 at a FINRA arbitration against WRP Investments. According to the FINRA arbitration award, the investor alleged that WRP Investments mishandled their accounts and misrepresented the condition of the investment account assets for more than 10 years. The FINRA arbitration panel agreed with the investor and ordered WRP Investments to pay the customer $410,000 in damages.
If you or someone you know has lost money investing with WRP Investments, Stene Agee, or any of their brokers, you may be entitled to full recovery of your losses. The law offers investors, like yourself, a course of recovery by way of arbitration through the Financial Industry Regulatory Authority (FINRA)
Based in New York City, the securities fraud law firm Fitapelli Kurta has extensive experience representing investors in FINRA arbitration cases. Our firm sues broker-dealer firms who have failed to properly supervise their brokers, or who have allowed their brokers to make unsuitable investment recommendations.
All of our cases are taken on a contingency fee basis which means we do not recover any money unless you win your case. Call now to speak directly to an attorney. We would love to further discuss the merits of your case and our consultations are always free. Time is of the essence in filing a claim to recover losses with FINRA, so do not wait. Call 212-658-1502 now for your free consultation.