Financial Advisor Dee Dee Brooks Resigns After Employer Initiates Investigation Into Her Sale Of Unregistered Securities
The Wolper Law Firm is currently investigating claims against Dee Dee Brooks, a former Financial Advisor at Signature Investors in Huntington Beach, California. Dee Dee Brooks first entered the securities industry in 1995 and previously worked for SCF Securities
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on June 8, 2018, Dee Dee Brooks resigned from Signature Investors after “the firm was investigating the representative to determine her level of involvement in the sale of unregistered securities.”
It has been alleged that Dee Dee Brooks sold customers unregistered securities issued by the Woodbridge Group of Companies.
For years, the Woodbridge Group of Companies, operated a ponzi scheme in which it sold (through outside financial professionals) promissory notes allegedly backed by mortgages. The investment program turned out to be a $1.2 billion ponzi scheme and Woodbridge’s principal, Robert Shapiro is currently under criminal indictment.
According to the SEC’s complaint filed against Woodbridge, the Woodbridge business model was to borrow money from investors in exchange for promissory notes, maturing usually in 12 or 18 months. The notes had an annual interest rate of 5% to 8% payable monthly. The investors’ money was supposed to be issued to lenders in the form of securitized mortgages, but rarely was, according to the SEC. Dee Dee Brooks is allegedly one of the outside financial professionals that sold the fraudulent notes to unsuspecting customers.
If you or someone you know was a customer of Dee Dee Brooks and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at email@example.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyers who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.