B.C. Ziegler and Company Fined and Censured Relating to Sales of Church Bonds

New Orleans stockbroker fraud attorneyB.C. Ziegler and Company, a full service brokerage firm headquartered in Chicago, Illinois, was sanctioned by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that it failed to implement a supervisory system related to the sale of Church Bonds and that it used Church Bond sales material that was not fair and balanced.

B.C. Ziegler failed to implement a supervisory system from January 1, 2009 through May 30, 2012 reasonably designed to ensure that important financial information regarding Church Bonds, including delinquent sinking fund payments, was provided to the firm’s registered representatives, trading desk, and customers, and that such information was factored into the pricing of Church Bonds sold to customers in secondary market transactions, according to FINRA.

B.C. Ziegler also used Church Bond sales material with customers that was not fair and balanced from January 1, 2009 through May 30, 2012, according to FINRA. The sales material focused on the yields associated with Church Bonds while failing to balance the presentations by informing investors of the risks associated with these bonds, according to FINRA.

B.C. Ziegler consented to being censured and fined $150,000 without admitting or denying FINRA’ s findings.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.