Investor Alert > David Ferwerda— Alleged Ponzi Scheme
Posted Nov 6, 2018
by Alan Rosca

David Ferwerda— Alleged Ponzi Scheme

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 Rosca Scarlato LLC 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 Rosca Scarlato LLC 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 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.

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 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.

Securities Lawyer Investigating

The Rosca Scarlato LLC 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 arosca@rscounsel.law, or through the contact form on this webpage.

Contact us. All evaluations are free

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

Contact us at 888‑998‑0530 or through the contact form on this page.
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