10.0David P Neuman
(720) 599-3505

WARNING! Impending Investigation: BETSY MARCOM and NEXT FINANCIAL GROUP

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01
Jan

WARNING! Impending Investigation: BETSY MARCOM and NEXT FINANCIAL GROUP

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WARNING!  Impending Investigation:  BETSY MARCOM and NEXT FINANCIAL GROUP

Betsy Marcom and Next Financial Group

 

Have you lost money with financial advisor Betsy Marcom of Georgetown, Texas?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Betsy Marcom. FINRA alleged that Marcom made a number of unsuitable investment recommendations to one of her clients, a church.

 

Marcom was alleged to have recommended that the church invest in a number of non-investment-grade bonds.  These are sometimes referred to as “junk” or “high-yield” bonds.  The recommendation led to losses of over $135,000 with the church.  Marcom was also alleged to have made an unsuitable recommendation to sell some bonds less than three months to maturity, which caused the church to miss out on additional interest payments.  To settle these allegations, Betsy Marcom agreed to pay a $15,000 fine and a four-month suspension from the securities industry.

 

Betsy Marcom was a financial advisor and registered representative of Next Financial Group from February 2009 to November 2015.  She worked at a branch office in Georgetown, Texas.  Marcom is currently the subject of one customer complaint.

 

Brokerage firms like Next Financial Group have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms 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 Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Next Financial Group, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.

 

HAVE YOU LOST MONEY WITH BETSY MARCOM or NEXT FINANCIAL GROUP?    

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

Click to view:  Marcom FINRA AWC

Click to view:  Marcom BrokerCheck 12.31.15

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

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


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