Nationwide—Advertising Materials with Misleading Statements Allegations

schemeNationwide Allegedly Issued Advertising Materials that Contained Unbalanced, Exaggerated and Misleading Statements

Nationwide, from March 2010 through May 2012, issued advertising materials that contained unbalanced, exaggerated and misleading statements, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

In addition, Nationwide allegedly failed to adequately perform and document internal office inspections, failed to retain all business-related email, and failed to establish, maintain, and enforce an adequate supervisory system relating to the review of email, the AWC notes.

Nationwide Censured and Fined $55,000 for Issuing Advertising Materials that Contained Unbalanced, Exaggerated and Misleading Statements

Nationwide has been censured and fined $55k for issuing advertising materials that contained unbalanced, exaggerated and misleading statements, according to the AWC.

In addition, Nationwide allegedly failed to adequately perform and document internal office inspections, failed to retain all business-related e-mail, and failed to establish, maintain, and enforce an adequate supervisory system relating to the review of e-mail, the AWC reports.

The AWC also informs that Nationwide is based in Paramus, New Jersey and has been a FINRA member since February 1993, and that Nationwide conducts a general securities business, has 25 registered branch offices and employs about 69 registered persons.

Nationwide did not admit to FINRA’s allegations.

The Peiffer Rosca Wolf Securities Rights Lawyers Help Investors

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of misleading advertising statements. 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 misleading advertising statements may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1200 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.