David Carl Ferwerda Allegedly Sold Shares of Woodbridge as Part of a $1.2 Billion Ponzi Scheme that Targeted 8,400 Investors
David Ferwerda allegedly sold investments in the Woodbridge Group of Companies as part of a $1.2 billion Ponzi scheme that targeted 8,400 Investors, according to an FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to David Ferwerda’s alleged participation in a Ponzi scheme, and investors who believe they may have lost money in activity related to David Ferwerda’s alleged participation in a Ponzi scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
The Goldman Scarlato & Penny PC law firm represents investors in Woodbridge in a pending case and are preparing additional claims.
David Ferwerda Barred by FINRA after Allegedly Failing to Cooperate with FINRA’s Investigation
Dave Ferwerda has been barred by FINRA barred from the securities industry after he allegedly failed to respond to an investigation, FINRA notes.
David Ferwerda, or Dave Ferwerda as he is often known, was being investigated regarding allegations that he sold investments in the Woodbridge Group of Companies, FINRA states. Woodbridge recently filed for bankruptcy, and investors will likely suffer substantial losses, FINRA reports.
Ferwerda also allegedly sold investments in 1 Global Capital, FINRA reports.
David Ferwerda was a registered representative and financial advisor with Signator Investors from September 2012 to March 2018, and worked out of a branch office in Grand Rapids, Michigan. He was also terminated by Signator for his sales of Woodbridge and 1 Global Capital, and has worked in the securities industry since 1977, FINRA notes.
Ferwerda, without admitting or denying FINRA’a findings, allegedly consented to the aforementioned sanction and to the entry of findings that he failed to provide FINRA with requested documents and information, FINRA reports.
Finally, it is important to not that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating David Ferwerda’s alleged participation in a Ponzi scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of David Ferwerda’s alleged participation in a Ponzi scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.