Victor Dandridge — Alleged Diversion of Customer Funds

California stockbroker fraud attorneyVictor M. Dandridge III Allegedly Diverted Customer Funds to Accounts at His Member Firm to Accounts and Businesses He Controlled

Victor Dandridge allegedly diverted customer funds from accounts held at his member firm to accounts and businesses that he controlled, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Jason Kane and James Booker.

Investors who believe they may have lost money in activity related to Victor Dandridge’s alleged diversion of customer funds are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Victor Dandridge’s alleged diversion of customer funds.

Dandridge first became associated with a FINRA regulated broker-dealer in January 2012 as a Director of Investment Management with Thompson Davis & Co., Inc., and from 2011 to 2016, was employed continuously in the securities industry, according to the aforementioned AWC.

On July 19, 2016, however, Thompson Davis & Co., Inc. filed a Form U5 reporting Dandridge’s July 18, 2016 voluntary termination, the AWC reports.

Victor Dandridge Barred by FINRA after Allegedly Refusing to Provide Documents and Information as Requested Pursuant to FINRA Rules

On January 23, 2017, FINRA staff sent a letter to Victor Dandrisge pursuant to FINRA Rules requesting, among other things, that Dandridge provide copies of certain bank and brokerage account statements, according to the aforementioned AWC presently under review by attorneys Jason Kane and James Booker.

In his Dandridge’s February 10, 2017 response, provided through his counsel, Dandridge allegedly failed to provide the referenced account statements, the AWC notes.

On March 28, 2017, FINRA staff then sent to Dandridge, via his counsel, a second FINRA request letter once again asking for production of certain bank and brokerage account statements, among other things, the AWC notes. In his April 11, 2017 response, provided through counsel, Dandridge once again allegedly failed to provide the referenced account statements, the AWC states.

By allegedly refusing to provide the referenced documents and information as requested pursuant to FINRA Rules, Dandridge purportedly violated FINRA Rules and hence has been barred by FINRA, according to the AWC.

Finally one should also note that, according to the AWC, Victor Dandridge III neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Victor Dandridge’s alleged diversion of customer funds. 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 Victor Dandridge’s alleged diversion of customer funds may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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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.