Did you lose money investing with Christopher Childers (a/k/a Chris Childers) (CRD# 2175772)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Christopher Childers (a/k/a Chris Childers). If you suffered losses investing with Christopher Childers (a/k/a Chris Childers), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of September 15, 2020, Christopher Childers (a/k/a Chris Childers)’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Regulatory Event(s)
See FINRA Letter of Acceptance, Waiver and Consent No. 2018058496901
1 Employment Separation After Allegations
UPDATE 9/15/2020: According to FINRA’s November 2019 Disciplinary Actions: “Christopher Lowell Childers (CRD #2175772, Johnston, Iowa) September 18, 2019 – An AWC was issued in which Childers was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the findings, Childers consented to the sanctions and to the entry of findings that he failed to timely execute a customer’s transaction resulting in an almost four-month delay in the customer’s purchase of a variable annuity. The findings stated that in order to belatedly execute this transaction, Childers re-dated the customer’s variable annuity application, thus falsifying the document and causing his member firm to maintain inaccurate books and records. The findings also stated that to create the false impression that he had already submitted the variable annuity transaction for approval, Childers provided the customer with a falsified variable annuity account statement. When the firm discovered Childers’ falsification of the customer’s variable annuity application and creation of a false variable annuity statement, Childers admitted to his misconduct and was permitted to resign from the firm. The suspension is in effect from October 7, 2019, through February 6, 2020. (FINRA Case #2018058496901)
Current and Previous Registrations
10/01/2009 – 05/11/2018 CAMBRIDGE INVESTMENT RESEARCH, INC. (CRD#:39543) DES MOINES, IA
02/02/1995 – 10/30/2009 NEW ENGLAND SECURITIES (CRD#:615) DES MOINES, IA
01/06/1992 – 02/08/1995 JOHN HANCOCK DISTRIBUTORS, INC. (CRD#:468) BOSTON, MA
01/06/1992 – 02/08/1995 JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY (CRD#:5181) BOSTON, MA
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s 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.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for 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.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Christopher Childers (a/k/a Chris Childers) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
