As an established law firm dedicated to championing the rights of investors, Meyer Wilson is looking into concerning reports surrounding the conduct of former securities broker and investment adviser Roderick Len Whited. Our commitment is to provide diligent legal support to those who have been adversely affected by such incidents of potential financial misconduct.
Whited’s career in the financial services industry came under scrutiny when allegations surfaced regarding forgery and the misappropriation of charitable funds, which ultimately led to his permanent disqualification from the industry by FINRA. One such allegation arose from a client of Northwestern Mutual Investment Services LLC, who in February 2023 claimed that Whited had forged their signature on life insurance policy application documents dating back to 2013.
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The misappropriation allegations didn’t end there. Whited was accused of diverting donations intended for a pediatric cancer charity into his own personal account. The misuse of these charitable funds, totaling over $44,000, was not only a breach of trust but also a violation of ethical standards expected within the financial services industry. Although Whited repaid a substantial portion of the funds to the charity, the damage had been done.
This pattern of behavior culminated in Whited’s termination from his association with NetWorth Asset Management Inc. in December 2021 and prior to that, his disaffiliation from Northwestern Mutual Investment Services LLC in January 2020, both citing misuse of charitable donations as the reason.
In another troubling instance, a client from 2018 brought forth an allegation of forgery against Whited, claiming they incurred damages on insurance products due to his misconduct. The client sought over $7,000 in damages.
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At Meyer Wilson, we understand that dealing with the aftermath of broker misconduct can be distressing and complicated. We believe that no investor should have to shoulder the burden of financial loss due to the unethical actions of a trusted adviser. If you have suffered losses because of Roderick Whited or any other broker engaging in similar misconduct, we urge you to seek legal counsel.
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Our seasoned team of securities attorneys at Meyer Wilson has a robust track record of recovering losses for investors across the United States. We operate on a contingency fee basis, which means we advance all costs and only receive payment if we recover on your behalf. It’s important to note that while Whited and the brokerage firms he was associated with deny the accusations of sales practice violations, the allegations and subsequent regulatory actions speak volumes.
If you’re grappling with investment losses and seeking a path to recovery, please don’t hesitate to contact Meyer Wilson. You can reach out to us at 866-938-2021 or visit our website at investorclaims.com for further assistance. We are committed to providing the guidance and support you need during this challenging time, and we’re ready to explore every avenue to help you reclaim what is rightfully yours.
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