Securities Fraud Lawyer Blog
David Ferwerda sold Woodbridge and 1 Global Capital Investments
David Ferwerda, a registered representative from Grand Rapids, Michigan, formerly with Signator Investors and Valic Financial Advisors, was barred from FINRA membership as a result of an investigation into his participation in a private securities transactions without obtaining his firm’s prior approval, which is a violation of FINRA rules. Ferwerda entered into an acceptance waiver and consent agreement with FINRA in which he neither admitted nor denied the findings, but was barred from FINRA.
In October, 2018 David Ferwerda agreed to the suspension, and FINRA published its findings that Ferwerda sold unregistered securities in the Woodbridge Group of Companies, as well as for 1 Global Capital. Both of these companies collapsed over allegations that the firms were selling unregistered securities and paying existing investors distributions from funds raised from new investors.