WARNING! Impending Investigation: DOUGLAS SIMANSKI and NEXT FINANCIAL GROUP
Douglas Simanski and Next Financial Group
Have you lost money with financial advisor Douglas Simanski of Altoona, Pennsylvania? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Douglas P. Simanski. FINRA barred Simanski from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Simanski for allegations that he stole or converted money from customers for personal use. It was alleged that he sold fictitious investments to customers.
Douglas Simanski was a financial advisor and registered representative of Next Financial Group, Inc. from 1999 to June 2016. He worked at a branch office in Altoona, Pennsylvania. He was also affiliated with Black Diamond Coal Company.
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 Pennsylvania. 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 AmDouglasa, National Securities Corp., and many others.
Click to view: Simanski FINRA AWC
Click to view: Simanski BrokerCheck 6.17.16
HAVE YOU LOST MONEY WITH DOUGLAS SIMANSKI OR NEXT FINANCIAL GROUP?
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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