Have you lost money with financial advisor Candice Montie from Fenton, Michigan? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Candice Montie. Montie was being investigated regarding allegations that she sold investments in GWG Holdings without permission from her brokerage firm, Moloney Securities. Specifically, Montie had sold “L Bonds” of GWG Holdings. To settle these allegations Montie agreed to a three month suspension and a $5,000 fine.
Candice Montie was a registered representative and financial advisor with November 2013 to the present. She worked out of branch offices in Fenton, Michigan.
Broker-dealers like Moloney Securities 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; Seattle, Washington; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan. Our attorneys have represented over one thousand investors against many brokerage firms in the past.