Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Meyer Wilson Investigates Wunderlich Securities, Inc. Financial Advisor Jack Mcbride for Alleged Unauthorized and Unsuitable Transactions

Meyer Wilson is currently investigating broker Jack McBride for allegations of unauthorized and unsuitable transactions. McBride has previously been the subject of five consumer complaints that occurred between 1999 and 2015 for various offenses, including allegations of selling customer unsuitable investments, over-concentrating accounts, and unauthorized trading. In September 2017, a sixth complaint was made against him, which is currently pending in Financial Industry Regulatory Authority (FINRA) arbitration.

McBride has been registered with Wunderlich Securities, Inc. in Birmingham, Michigan since 2014. From 2009-2014, McBride was registered with Ameriprise Financial Services, Inc. in Farmington Hills, Michigan. He was terminated from his position with Ameriprise in 2014 for solicitation of prohibited securities and violating company policy regarding the settlement of a customer complaint without notifying his firm.

In November of 2017, FINRA suspended McBride for 40 days and fined him $12,500. According to FINRA, McBride allegedly made a mistake in executing requested trades by his customer. As a result, the customer incurred a margin balance and margin interest. Instead of escalating the complaint to the proper channels in his firm, McBride allegedly gave the customer $12,845.86 in checks from his personal account. FINRA found that McBride also overstated this customer's account balances in over a dozen emails by as much as $570,000. His suspension was up mid-December 2017, and he is currently still registered as a financial advisor with Wunderlich.

Under FINRA rules, firms are required to supervise the activities of brokers while they are registered with their firms. Investors who suffered losses due to McBride’s wrongdoings may be able to hold Wunderlich Securities, Inc. liable for their damages.

If you have suffered investment losses caused by Jack McBride or another broker, call an investment loss attorney with Meyer Wilson today at 888-390-6491 for a free case evaluation. The law firm of Meyer Wilson has been handling cases of securities arbitration and investment-related litigation for clients throughout the U.S. since 1999.

Related Posts:

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram