Nancy Cole Sanctioned, Involved In Investor Disputes

Investors complained about securities broker / financial advisor Nancy Ellen Cole (also known as Nancy Ellen Hall) [CRD: 2900724, Sacramento, California]. Notably, SEC filed a complaint about her, and investors disputed her sales practices, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Nancy Cole has worked for Western International Securities Inc. since August 28, 2008. Keep reading to learn more about the securities broker’s disclosures.

Western International Securities Inc. Investor Accused Cole Of Negligent Misrepresentation

Particularly, a Western International Securities Inc. client filed FINRA Arbitration No. 23-00675 about Nancy Cole. The client alleged negligent misrepresentation. Because of this, the investor supposedly sustained damages on corporate bonds. As a result, on December 16, 2023, Western International Securities Inc. settled this matter by paying the client $72,000 in damages.

SEC Complaint Against Nancy Cole For Alleged Violation Of Best Interest Obligation

Specifically, Securities and Exchange Commission issued Complaint No. 2:22-cv-04119 on June 15, 2022, against Nancy Cole. This Complaint alleged that Cole violated federal securities laws in connection with recommendations to clients to purchase L Bonds, which were corporate bonds offered by GWG Holdings Inc. The SEC claims that Western and five of its representatives violated the Best Interest Obligation by recommending risky, illiquid L Bonds to clients who were not appropriate for those investments. Allegedly, $13,300,000.00 in GWG L Bonds were sold to clients, some of whom had limited financial resources and moderate risk tolerances. This matter is ongoing.

Cole In Western International Investor Dispute Regarding Alleged Unsuitable Recommendations

Evidently, on September 26, 2021, a Western International Securities Inc. client filed a complaint about Nancy Cole. Notably, the client alleged unsuitable recommendations. Because of this, the investor supposedly sustained damages in structured products. However, the complaint was denied by the firm.

Experience Financial Harm Due To Securities Broker Nancy Cole?

Experience losses due to Nancy Cole? You could get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group investment loss attorneys assist individuals throughout the United States, work on a contingency fee basis, and advance all costs. Cole and brokerage firms Cole worked for deny accusations of sales practice violations.