Newport Beach Stockbroker Fined and Suspended for Failure to Report Tax Liens

Terrence Welsh of D.A. Davidson & Co. was suspended for failure to report over $115,000 in tax liens. FINRA, a securities regulator, requires stockbrokers to report tax liens and other information that could be important to a stockbroker’s potential clients. If a stockbroker does not have the financial acumen to keep current on his taxes, investors might not want to trust him to manage their money. If a stockbroker is in significant financial distress, investors could have reasonable concerns that their stockbroker will propose investment strategies that are best for the stockbroker’s bottom line, but not for his clients. If you believe your stockbroker may be putting his interests above yours, contact the attorneys at Investor Defense Law LLP at no charge. They will be able to tell you whether you are able to recover your investment losses.

Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.

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