If you have invested with Terry J. Bagwell of Birmingham, Alabama, you may be able to recover your loses through FINRA arbitration or securities litigation.
According to FINRA reports, after being subject to multiple customer complaints and arbitrations, in December 2014 Pruco Securities (the brokerage firm Terry Bagwell was registered with) disclosed that Terry Bagwell had been subject to a FINRA arbitration as a result of allegedly being engaged in the sale of unregistered securities – which may have been a Ponzi scheme.
Brokerage firms like Pruco Securities must strictly supervise stockbrokers like Terry Bagwell to ensure that they follow FINRA rules and only sell securities approved by the firm. In cases where a stockbroker sells securities not-approved by the firm, the brokerage firm itself may be held liable for “selling away” if investors suffer losses in unapproved investments. As a result, investors who lost money with Terry Bagwell may be able to recover their investment losses against Pruco Securities through FINRA arbitration..
If you are an investor that has suffered losses investing with stockbroker Terry J. Bagwell of Birmingham, Alabama, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (312) 757-2272 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.