Keith Wakefield, formerly with IFS Securities, Barred from Securities Industry
Have you lost money with financial advisor Keith Wakefield from Chicago, Illinois? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Keith Wakefield. FINRA barred Wakefield from the securities industry after he failed to respond to an investigation. Wakefield was being investigated after he was terminated by his former brokerage firm, IFS Securities, for allegedly placing fictitious trades.
Keith Wakefield was a registered representative and financial advisor with IFS Securities from 2011 to August 2019. He worked out of a branch office in Chicago, Illinois. A customer previously complained about Wakefield’s conduct with respect to the purchase of high risk stocks.
Broker-dealers like IFS Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers 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; Ann Arbor, Illinois; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois and throughout the Chicago area. Attorney David Neuman is licensed to practice law in Illinois, he grew up in Addison, Illinois and also lived for many years in the Chicago area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Wakefield, Keith FINRA AWC
Click to view: Wakefield, Keith BrokerCheck 9.26.19
If you have lost money with Keith Wakefield and IFS Securities, and want to hear about ALL legal options, CONTACT ISRAELS & NEUMAN at 720-599-3505.