FINRA Sanctions Helen Caldwell

Soreide Law Group is investigating possible investor claims against Helen Grace Caldwell (also known as Helen Grace Corpuz) (CRD: 1957501, Chicago, Illinois). Notably, FINRA sanctioned the securities broker, who worked for Citigroup Global Markets Inc. Allegedly, Caldwell failed to testify when FINRA carried out an investigation. Here is a brief summary of FINRA’s allegations against Caldwell.

FINRA Bars Caldwell For Failure To Testify

Specifically, on July 6, 2023, FINRA issued Letter of Acceptance, Waiver, and Consent No. 2022074603801 sanctioning Helen Caldwell for infractions. Notably, FINRA alleged that Caldwell failed to testify when FINRA carried out an investigation.

Evidently, Caldwell agreed to a penalty and accepted that there were findings against her, including that she refused to give verbal testimony when asked by FINRA, who were investigating some events that had been reported by companies she used to work for (Citigroup and Wells Fargo). Notably, the findings showed that one of Caldwell's old companies reported that they were checking if she had properly told them about her other business activities (OBAs) and whether she asked clients of the company to invest in her film business.

Not long after that, Citigroup said they found out that Caldwell didn't fully disclose her other business and she was asking the company's clients to invest in it, some of whom did end up investing. Supposedly, Wells Fargo terminated relations with Caldwell after looking into whether she had been honest with them and if she followed the rules about having business outside the company.

How It Was Resolved

Caldwell accepted the findings, waived her rights and consented to the penalty. Evidently, she has been barred as a securities broker effective July 6, 2023.

Chase Investment Services Corp. Investor Accused Helen Caldwell Of Failure To Follow Instructions

Also, on October 14, 2009, a Chase Investment Services Corp. client filed a complaint about Helen Caldwell. Namely, the client alleged that Caldwell failed to follow instructions. Because of this, the client allegedly sustained damages. Therefore, the client requested $7,875.49 in compensation from Chase Investment Services Corp. or Caldwell. However, the securities firm denied this complaint.

Caldwell Disclosed Misrepresentation Allegations By Chase Investment Services Corp. Client

Specifically, a client of Chase Investment Services Corp. contested Helen Caldwell’s sales practices, according to a complaint. Allegedly, Caldwell made misrepresentations and made unsuitable recommendations. Supposedly, Caldwell caused the client to sustain damages on corporate bonds. Therefore, Chase Investment Services Corp. opted to settle the matter on October 24, 2008, by compensating the client in the amount of $150,000.

Chase Investment Services Corp. Investor Accused Helen Caldwell Of Unsuitable Advice

Also, a Chase Investment Services Corp. client filed a complaint about Helen Caldwell. Namely, the client alleged that Caldwell provided unsuitable advice and engaged in unauthorized trading and failed to follow instructions. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, on October 14, 2008, Chase Investment Services Corp. settled this matter by paying the client $300,000 in damages.

Employment Information

Caldwell worked for Citigroup Global Markets Inc. as a securities broker from July 2012 to November 2021. She also worked for Wells Fargo Clearing Services from 2021 to 2022.

Damages Resulting From Citigroup Global Markets Inc. Securities Broker Helen Caldwell?

Have you experienced damages by investing with Helen Caldwell? If you have, get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances costs. Caldwell and brokerage firms Caldwell worked for deny any and all allegations of sales practice violations.