Adam Warga Suspended by FINRA

Finra suspends Adam Warga.

judges-gavel-390x285

In January, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Adam Warga of Atlanta, Georgia, formerly registered with T3 Trading Group of New York, NY submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity for 20 days.. The FINRA complaint alleged that Warga participated in the sale of unregistered penny stocks, and failed to investigate the circumstances behind how the customer acquired and planned to sell the unregistered shares.

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Adam Warga was registered with:

04/2015 – 10/2015
MONARCH BAY SECURITIES, LLC
11/2014 – 01/2015
T3 TRADING GROUP, LLC
08/2014 – 11/2014
WTS PROPRIETARY TRADING GROUP LLC
03/2011 – 12/2012
SPENCER EDWARDS, INC.
01/2011 – 02/2011
CAPITAL PATH SECURITIES, LLC

According to FINRA’s CRD disclosure report, Adam Warga has been the subject of one regulatory investigation.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.