John Westbrook, previously with Center Street Securities, Suspended by FINRA
Have you lost money with financial advisor John or “Al” Westbrook? We are looking into allegations made about John Albert Westbrook from Montgomery, Alabama. FINRA (the Financial Industry Regulatory Authority) suspended Westbrook from the securities industry for five months and fined him $5,000. FINRA was investigating Westbrook after he allegedly did not disclose private securities transactions. Westbrook has been alleged to have sold $350,000 in investments in Future Income Payments (FIP), and investors have suffered significant losses in FIP.
John Albert Westbrook or Al Westbrook was a financial advisor and registered representative of Center Street Securities from September 2014 to February 2020. He worked in branch offices in Montgomery, Alabama.
Brokerage firms like Center Street Securities 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; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including Alabama. Our attorneys have represented over one thousand investors against many brokerage firms in the past.