Securities Arbitration Lawyers BlogFormer California and Texas Broker Willard L. Golightly Under Investigation For Multiple Alleged Securities Violations
Silver Law Group is investigating former Fresno, California- and San Antonio, Texas-based broker Willard L. Golightly (CRD# 4395250) after FINRA permanently barred him from engaging in certain activities in the securities industry.
According to Golightly’s FINRA BrokerCheck report, FINRA suspended Golightly in December 2016 after Golightly failed to comply with an arbitration award or settlement agreement or to respond to a FINRA inquiry. Including the suspension, Golightly has a litany of other disclosures on his FINRA BrokerCheck report.
In September 2015, FINRA barred Golightly for inappropriately concentrating his customers in low-priced securities and failed to respond to red flags. Golightly additionally failed to maintain and enforce his member firm’s written supervisory procedures.
In addition to the regulatory actions, eight FINRA arbitrations have been filed against Golightly, alleging unsuitability, selling away, breach of fiduciary duty and OTC/penny stock securities misconduct.
Additionally, three brokerage firms have either discharged Golightly or allowed him to voluntarily resign.
WFG Investments, Inc. (CRD# 22704) employed Golightly from June 2009 until it discharged him in June 2013. Securities America, Inc. (CRD# 10205) then employed Golightly from August 2013 until it allowed him to voluntarily resign two months later in October 2013. Golightly’s last stop at SCF Securities, Inc. (CRD# 47275) lasted less than a month in January 2014 when it also allowed him to voluntarily resign.
Golightly was employed during the periods at issue in both San Antonio, Texas and Fresno, California. Golightly carried a Texas Group 1 Insurance license.
According to Golightly’s detailed CRD report, Golightly also sold insurance products under his own name in Texas.
Contact Our Firm if You’ve Lost Money
FINRA arbitration is a fast, efficient way to recover your lost investment funds. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with Willard L. Golightly and SCF Securities, Securities America, and/or WFG Investments and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.