Current Investigations

Don Traywick Sanctioned By FINRA

By June 20, 2018 No Comments

Don Traywick has worked in the securities industry for 24 years. From 1993 to 1995 he worked for Chatfield Dean & Co. From 1995 to 1997 he worked for First Allied Securities. From 1997 to 2000 he worked for Linsco/Private Ledger Corporation. From 2000 to 2016 he worked for Crown Capital Securities. Presently he works for TCFG Wealth Management.

Don Traywick’s FINRA BrokerCheck report shows that he has been the subject of two customer complaints. The first complaint was brought forward in 1997. The customer accused Traywick of misrepresentation. This case was settled for $28,000. The second complaint was brought forward in 1998. The customer accused Traywick of making unauthorized trades totaling $85,000. The case was settled for $33,500.

Don Traywick’s FINRA BrokerCheck report also shows that he was recently sanctioned by FINRA. He neither admitted or denied the findings, however, he did consent to the sanction’s findings. These findings state that he recommended and affected unsuitable short-term switches of Class A mutual fund shares in a customer’s accounts. The sanction’s findings stated that those recommendations resulted in the customer paying unnecessary front-end sales loads with each new purchase that Traywick recommended, as well as the customer incurring $5,113 in losses. The findings clarify that there was no reasonable basis for Traywick to believe that these fund transactions were suitable for the customer.

If you, or someone you know have lost money investing with Don Traywick, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher dedicates its entire legal practice to representing investors across the nation.