National investment loss lawyers KlaymanToskes is investigating investment advisor Stephen Swensen (CRD# 2885578) of Wealth Navigation Advisors, Inc. and J.W. Cole Financial, Inc.
According to the Securities and Exchange Commission’s AdviserInfo, financial advisor Stephen Swensen of Wealth Navigation Advisors and J.W. Cole Advisors has been involved in several customer complaints which alleged millions of dollars in collective investor damages. The complaints alleged investment losses due to a fraud operated away from the Firm, perpetrated by the former representative, who was affiliated with the Firm for less than two months, outside the scope of his activities with the Firm, regarding investments the customers made with the representative after he left the Firm.
Investors that suffered losses with investment advisor Stephen Swensen are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Several investors have filed complaints involving investment advisor Stephen Swensen of Wealth Navigation Advisors and J.W. Cole Financial in Centerville, UT. The most recent complaint filed alleged $14,400,000 in damages and was settled in favor of the investor for $1,650,000. A second complaint filed alleged $7,100,000 in damages, and was settled in favor of the investor for $1,650,000. The customer complaints alleged that the investors suffered losses due to a fraud operated away from their brokerage firm. Financial advisor Stephen Swensen was previously registered as a broker with J.W. Cole Financial from May 2018 to July 2018, and was registered as an investment advisor with Wealth Navigation Advisors from June 2018 to June 2022 in Centerville, UT.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your investment advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their investment advisors due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with investment advisor Stephen Swensen, or have concerns regarding your investment portfolio at Wealth Navigation Advisors, J.W. Cole Financial, or with any other firm or financial advisor, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.