KCD Financial, Inc. and WRF Distressed Residential Fund 2011
We are currently investigating allegations made against KCD Financial, Inc., a De Pere, Wisconsion-based securities brokerage firm. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against KCD Financial, alleging that it failed to reasonably supervise the sales of unregistered securities, in violation of SEC rules and regulations.
In particular, FINRA alleged that KCD Financial’s Dallas, Texas office sold a number of investments in WRF Distressed Residential Fund 2011. WRF stands for Westmount Realty Finance, an assumed name of the Dallas, Texas branch office of KCD Financial. KCD representatives in Dallas sold over $2 million in investments for WRF Distressed Residential Fund 2011, despite it being unregistered.
FINRA ordered KCD Financial to pay a fine of $73,000 regarding these allegations.
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 Dallas and Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including 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 Financial Services, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: KCD Financial FINRA Order
Click to view: KCD Financial BrokerCheck 8.4.16
Our office handles all of our arbitration cases on a contingent fee basis, meaning you do not pay unless we recover money for you.
HAVE YOU LOST MONEY WITH KCD FINANCIAL OR WRF DISTRESSED RESIDENTIAL FUND?
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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.