The Rosca Scarlato LLC law firm attorneys have launched an investigation into investment adviser Brooklyn Chandler Willy, aka Brooklyn Chandler’s conduct following allegations that she received an excessive $2.75 million in commissions from the sale of alternative investments, according to a Disciplinary Order reported on Willy’s IAPD page, under review by attorney Alan Rosca.
Investor rights attorney Alan Rosca and his colleagues at the Rosca Scarlato LLC law firm are investigating conduct related to Brooklyn Chandler Willy’s excessive commissions from the alleged sale of alternative investments. Investors who are concerned about their investment with Willy may contact attorney Rosca for a free case evaluation and discussion of potential options, or to provide any useful information. Interested investors may call 888-998-0530, send an email to arosca@rscounsel.law, or through the contact form on this webpage.
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Brooklyn Chandler Willy Allegedly Ordered to Pay Back $2.75 Million in Commissions
While registered with Global Financial Advisory, J.W. Cole Advisors, and TCFG Investment Advisors as an investment adviser, Willy allegedly recommended her clients to purchase certain alternative investments. Furthermore, Willy allegedly never told her firm that she was engaging in the alleged sale of alternative investments.
Additionally, Brooklyn Chandler Willy allegedly was never registered as a dealer or agent of a dealer with the Securities Commissioner during the sale of the alternative investments, as alleged in the disciplinary order. Prior to making her recommendations, Willy allegedly did not conduct adequate due diligence in determining whether the alternative investments were suitable to her clients.
Furthermore, Willy allegedly recommended unsophisticated investors to investor nearly half of their liquid assets in the private, illiquid alternative investments, as alleged in the disciplinary order. Willy reportedly made $2.75 million in commissions from the sale of the alternative investments.
As a result of Willy’s alleged misconduct, the Texas Securities Commissioner has order her to pay back the $2.75 million in commissions to all clients she sold the alternative investments.
In addition, the disciplinary order reportedly granted the registration of Willy’s investment advisory firm, Queen B Advisors, LLC, subject to certain limitations including not having discretionary trading authority over client accounts and prohibition from recommending alternative investments. Furthermore, after Brooklyn Chandler has served her one year suspension, Queen B Advisors has been ordered to include a compliance consultant to review their business activities.
Brooklyn Chandler Willy is the Subject of a Civil Litigation
In April 2021, two former clients of Brooklyn Chandler Willy initiated a civil litigation against Willy according to her IAPD Page. According to the civil litigation, two clients allege Willy made misrepresentations and omissions, breached her fiduciary duty, and committed fraud. As of the date of this article, the civil litigation shows as pending and the matter was moved to be settled in arbitration by Brooklyn Chandler Willy’s lawyers, the IAPD reports.
Investors who are concerned about their investments with Willy may contact attorney Rosca by calling 888-998-0530 for a free case evaluation and discussion of potential options.
A Customer Dispute Against Brooklyn Chandler Willy Request $170,000 for the Alleged Damages
In connection to a civil litigation filed against Willy in April 2021, two clients filed a dispute with alleging between May 2016 and March 2021 Willy made misrepresentations, omitted material information, and/or provided false assurances, breached her fiduciary duty, and committed forgery. The IAPD report also indicates that the matter involves a “pooled fund investing in loans”.
The clients are requesting $170,000 for the alleged damages and as of the date of this article, the dispute shows as pending on Brooklyn Chandler Willy’s IAPD Page.
Brooklyn Chandler Willy Has Been a Registered Investment Adviser Since 2014
According to Willy’s FINRA Brokercheck page, she has been a registered with IAPD since 2014 and switched employers four times. She is currently registered with Texas Financial Advisory located in San Antonio, Texas and she has been employed with the firm since October 2020.
Willy was previously registered with Global Financial Private Capital in San Antonio, Texas from March 2014 until April 2019. She then switched to J.W. Cole Advisors in April 2019 located in San Antonio, Texas and remained there since October 2019. Willy was allegedly discharged from the firm in October 2019 on allegations of violating firm policies regarding participating in unapproved private securities transactions.
Shortly after her termination from J.W. Cole Advisors, Brooklyn Chandler Willy was employed with TCFG Investment Advisers for less than a month, as reported on his IAPD. She allegedly was employed with the firm from October 4, 2019 until October 17, 2019.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Potential Options for Brooklyn Chandler Willy Investors
The alternative investment attorneys at Rosca Scarlato LLC law firm have decades of experience working with investors who have invested their savings with their financial advisor or broker only to lose their funds as a result of broker misconduct. Alan Rosca and his colleagues are currently investigating the circumstances related to the civil litigation and customer dispute filed against investment adviser Brooklyn Chandler Willy alleging unsuitable alternative investment recommendations.
Investors may note that the attorneys at Rosca Scarlato take most of their cases on a contingency fee basis, which means the firm advances the costs associated with representing investors, and only get paid for their fees and expenses at the conclusion of the case, if they are successful. We only get paid if we win.
Willy investors who are concerned about their investments with Brooklyn Chandler may contact attorney Alan Rosca and his colleagues for a free case evaluation and discussion of potential options. Interested investors may contact attorney Rosca by phone at 888-998-0530, via email at arosca@rscounsel.law, or fill out the contact form on this webpage.
