Did you suffer investment losses with CFD Investments (CRD# 25427) (SEC# 8-41727)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with CFD Investments. If you suffered losses investing with CFD Investments, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
As of May 5, 2020, CFD Investments’s FINRA BrokerCheck Report contains the following:
6 Regulatory Event Disclosures
1 Bond Disclosures
Main Office Location
2704 S GOYER RD
KOKOMO, IN 46902
P.O. BOX 2244
KOKOMO, IN 46904-2244
Business Telephone Number
CFD Investments’s Direct Owners and Executive Officers
OWENS, BRENT ANTHONY (CRD#:2261719), PRESIDENT/DIRECTOR
OWENS, MICKEY LEE (CRD#:1437001), TRUSTEE OF THE OWENS FAMILY TRUST DATED 8/1/2007
THE OWENS FAMILY TRUST DATED 8/1/2017, SHAREHOLDER
WORTHLEY, STEWART K (CRD#:2085921), SHAREHOLDER
MILAM, MELISSA M (CRD#:2246865), SHAREHOLDER
BAHRENBURG, MATTHEW O (CRD#:5295661), CHIEF COMPLIANCE OFFICER
HALE, DANIEL KRIS (CRD#:2649813), DIRECTOR
MAY, TERRY W (CRD#:1453998), TREASURER/DIRECTOR
ROCKEY, BROOKE LEIGH (CRD#:4817176), SECRETARY, DIRECTOR
ROOZE, KREGG JERROD (CRD#:3174063), DIRECTOR
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability.
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Formerly Known As, Aliases, and Affiliates
CFD Securities, Inc., CFD Securities, Inc.