Campbell et al. v. North Global Securities et al.

FINRA Arbitration Award

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Recent FINRA Arbitration hearings result in a finding of fraud by California investment advisers North Global Securities, Inc., North Wealth Management Company, Asset Management Strategies, LLC, and Kevin Antony Williams.

Martha Campbell was a career services representative of SDG&E with 34 years of experience. Ms. Campbell was defrauded by the Respondent Registered Investment Advisers (RIAs) and Securities Brokers doing business throughout California and elsewhere from offices located in La Jolla, San Diego, Orange County, and Riverside County, California. The unlawful activity included multiple violations of State and Federal securities laws and regulations. The Respondents schemes included the solicitation of money from local investors which was diverted to a Northern California real estate development company owned by a felon with undisclosed Federal convictions for Aiding and Abetting Bank Fraud and the Interstate Transportation of Stolen Securities.

All Respondents were held jointly and severally liable for: 1) Compensatory damages in the sum of $397,034; 2) Punitive damages in the sum of $75,000; and 3) Attorneys’ fees and costs in the sum of $162,017.92.

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Reference Info:Decision | State, 9th Circuit, California | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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