Micah Christopher Wilson (CRD# 3197149), formerly a stockbroker at NFP Securities, was charged by the North Carolina Department of the Secretary of State with two counts each of securities fraud and obtaining property by false pretenses. The charges, filed on March 12 of this year, claim that Wilson defrauded investors out of hundreds of thousands of dollars.
According to investigators, Wilson targeted victims in Gaston, NC and other nearby areas, soliciting his company Creative Financial Concepts. During this time, he was not registered to sell securities – a fact he allegedly did not disclose to investors, according to the Secretary of State’s office.
Wilson is accused of promising investors an eight percent minimum interest on principal. Instead of investing their money as he had promised, says the Secretary of State’s office, Wilson took their money and used it on his own personal expenses.
In June 2011, NFP Securities terminated Wilson’s employment saying that Wilson failed to follow firm policies regarding submission for approval of equity index annuity carrier applications.
If you invested with Micah Wilson and suffered losses, we invite you to contact the stockbroker fraud attorneys at Meyer Wilson today for a free review of your case so you can learn your legal rights and options.