Signature Investors Terminated David Ferwerda For Allegedly Selling Unapproved Investments
The Wolper Law Firm is currently investigating claims against David Ferwerda, a former Financial Advisor at Signature Investors in Grand Rapid, Michigan. David Ferwerda has been in the securities industry since the 1980s and previously worked at Valic Financial Advisors and the Variable Annuity Marketing Company.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in March 2018, David Ferwerda was discharged by Signature Investors based on the allegation that he was involved “in the sale of unapproved outside investments in violation of firm policy.” This illegal sales practice is referred to as “selling away” and is strictly prohibited by applicable rules and regulations.
This alleged sales practice violation spawned an investigation by the Michigan Department of Licensing and Regulatory Affairs and remains ongoing.
If you or someone you know was a customer of David Ferwerda and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.