{"id":7241,"date":"2019-06-29T15:13:17","date_gmt":"2019-06-29T20:13:17","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7241"},"modified":"2019-06-29T15:13:17","modified_gmt":"2019-06-29T20:13:17","slug":"investors-awarded-3m-spire-securities","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investors-awarded-3m-spire-securities\/","title":{"rendered":"Investors Awarded $3M In Claim Against Spire Securities"},"content":{"rendered":"

\t\t\t\tA Financial Industry Regulatory Authority (FINRA)<\/a> arbitration panel has awarded 23 investors $3M in their claim against Spire Securities, its CEO David Lloyd Blisk, and CCO Suzanne Marie McKeown. The broker-dealer and its executives were accused of inadequately supervising<\/a> former broker Patrick Evans Churchville, whom the investors contend fraudulently sold them investments that caused them to lose money in a $21M Ponzi scam.<\/p>\n

Churchville sold the investments through ClearPath Wealth Management<\/a>, a registered investment adviser that he operated outside of Spire Securities. Still, the claimants contended that the broker-dealer should have prevented Churchville from causing them financial harm while he was a Spire Securities broker and could have done so had they properly overseen him.<\/p>\n

Churchville pleaded guilty in 2016 to criminal charges accusing him of operating a $21M Ponzi scam. In 2017, he was sentenced to seven years in prison for tax evasion and wire fraud.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded 23 investors $3M in their claim against Spire Securities, its CEO David Lloyd Blisk, and CCO Suzanne Marie McKeown. The broker-dealer and its executives were accused of inadequately supervising former broker Patrick Evans Churchville, whom the investors contend fraudulently sold them investments that caused them […]<\/p>\n","protected":false},"author":2,"featured_media":6895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3953,3773,3783,3774,3739,3777,3781,3792],"tags":[2765,4067,4068],"class_list":["post-7241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbitration-rulings","category-broker-fraud","category-broker-misconduct","category-broker-dealers","category-finra","category-inadequate-supervision","category-investment-advisers","category-ponzi-scams","tag-clearpath-wealth-management","tag-patrick-evans-churchville","tag-spire-securities"],"yoast_head":"\nInvestors Awarded $3M In Claim Against Spire Securities — Investor 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