Client Seeks $13 Million in Pending Dispute with Martin Winges

Martin Winges (CRD #: 1929509), a broker registered with Momentum Independent Network, allegedly misrepresented a bond offering, according to his BrokerCheck record, accessed on September 9, 2022. Investors may have also worked with him through Hilltop Securities. Keep reading if you want to know more about his conduct as a broker.

Investor Dispute

On June 8, 2022, a client alleged that Martin Winges made misrepresentations and omissions and unspecified violations of the suitability rule concerning a bond offering related to the sale of the client’s assets. The client seeks $13 million in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise unethical tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of material facts relating to investments, such as their limitations, risks, or potential returns.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consult an investor’s profile to determine whether an investment fits their client’s investment goals. Investors’ profiles contain the following information: 

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investment will be held)
• Investing experience
• Tax status

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Martin Winges has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 3 – National Commodity Futures Examination
• Series 53 – Municipal Securities Principal Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 24 – General Securities Principal Examination
• Series 27 – Financial and Operations Principal Examination

Martin Winges is a registered broker in 49 states, the District of Columbia, Puerto Rico, and the Virgin Islands.

He has also worked for Piper Jaffray & Company (CRD#:665) and Juran & Moody (CRD#:6980).

Kurta Law Can Help

If you worked with Martin Winges and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.