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CFD INVESTMENTS Fined (Again) for Supervisory Failures

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11
Jan

CFD INVESTMENTS Fined (Again) for Supervisory Failures

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CFD INVESTMENTS Fined (Again) for Supervisory Failures

CFD Investments Settles with FINRA Again, This Time Over Variable Annuities

 

Have you lost money investing in variable annuities through CFD Investments, Inc.?  We are currently investigating allegations made against CFD Investments, Inc., a Kokomo, Indiana-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against CFD Investments, making allegations that it failed to supervise the sales of variable annuities between July 2014 and July 2016.  In particular, FINRA alleged that CFD Investments failed to supervise the sales of L-share variable annuities (which have higher expenses but more liquidity) versus B-share annuities (which have lower expenses but less liquidity).  To settle these allegations, CFD Investments agreed to pay a $125,000 fine.

 

FINRA also previously brought an action against CFD Investments in 2017.  FINRA alleged that CFD Investments failed to have procedures in place to adequately supervise the sales of inverse and leveraged ETFs, between October 2012 and July 2014.  FINRA alleged that CFD Investments sold over $2 million in inverse and leveraged ETFs through about 150 transactions.  FINRA alleged that the average holding period for these transactions was 300 days, even though these ETFs are meant only to be intra-day trading vehicles.  CFD Investments settled these allegations with FINRA and agreed to pay a $30,000 fine.

 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including Indiana and throughout the Indianapolis area.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

 

Click to view:  CFD Investments FINRA AWC 2019

Click to view:  CFD Investments FINRA AWC

 

If your advisor recommended investments in variable annuities that caused you losses, through CFD Investments or another firm, please CONTACT US at 720-599-3505 for a free evaluation of your case.

 

Click to view Related Article:  INVESTIGATION OF CFD INVESTMENTS

 

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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