Tracy Wengert Barred by FINRA

FINRA bars Tracy wengert.

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In December, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Tracy Wengert of Lakeside, AZ formerly with Transamerica Financial and World Group Securities, both of Mesa, AZ  submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any capacity. The 2015 FINRA complaint alleged that Wengert opened accounts outside his broker dealer and made unsuitable transactions for the customers in these accounts.  After FINRA opened its investigation, it asked Wengert to provide inflation in furtherance of the investigation, but Wengert refused to provide documents to FINRA.  .

Registration and disciplinary history

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

01/2012 – 02/2015
TRANSAMERICA FINANCIAL ADVISORS, INC
04/2002 – 01/2012
WORLD GROUP SECURITIES, INC.

According to FINRA’s CRD disclosure report, Tracy Wengert has been the subject of six customer complaints and 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.