FINRA suspends Don Wade Traywick (CRD #2410109, San Clemente, California)
ATEL Capital group has carved out a niche for itself connecting companies with equipment. And because every business needs some type of equipment—from Internet routers and office desks to airplanes—their funds may look like a safe way to make some money. But for many...read more
April 26, 2018 – An AWC was issued in which Traywick was fined $5,000, suspended from association with any FINRA member in all capacities for three months and ordered to pay $10,000, plus interest, in disgorgement of a portion of commissions received. Without admitting or denying the findings, Traywick consented to the sanctions and to the entry of findings that he recommended and effected unsuitable short-term switches of Class A mutual fund shares in a customer’s accounts. The findings stated that Traywick’s recommendations resulted in the customer paying unnecessary front-end sales loads with each new recommended purchase. The customer incurred losses of $5,113. Traywick’s member firm compensated the customer for the losses. Traywick did not have a reasonable basis to believe that the recommended mutual fund transactions were suitable for the customer.
If you or someone you know has lost money investing with Don Wade Traywick, call the experienced FINRA arbitration attorneys at Epperson & Greenidge at 877-445-9261 for a free consultation. You may be eligible to recoup your losses. Epperson & Greenidge accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-445-9261 now to speak to an attorney for free.