Updated: February 2025 (Glendora, CA)
National securities fraud lawyers at Patil Law, P.C are investigating current Western International Securities broker Carolyn R. Wyatt (CRD #4071929) regarding allegations of failure to conduct reasonable due diligence in a 1031 exchange investment that resulted in substantial client losses. The investigation stems from a recently settled FINRA arbitration case that concluded in January 2025.
Critical Insights About Glendora Financial Advisor Carolyn Wyatt:
- Advisor Name: Carolyn R. Wyatt
- CRD: 4071929
- Location: Glendora, CA
- Current Employer: Western International Securities
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: 2001 E. Financial Way, Suite 104, Glendora, CA 91741
- Can Carolyn Wyatt be sued in FINRA arbitration: Yes
- Customer Disputes: One settled complaint
- Current Registrations: Licensed in 8 states
- Years of Experience: Since 2000
- Previous Employers: M Stevens Wealth Advisors, Kingswood Capital Partners, Waddell & Reed
- Professional Qualifications: Series 7, 66 licenses
- Business Name: Arrowhead Wealth Advisors (DBA for securities business)
- Current Status: Active with Western International Securities
Details Of Recent Settlement
A customer complaint filed in October 2024 alleged:
- Failure to conduct reasonable due diligence
- Improper recommendations regarding 1031 exchange investments
- Damages alleged of $198,037
- Case settled for $120,000 in January 2025
- Full settlement amount paid by representative
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Investment due diligence practices
- Risk assessment procedures
- Client suitability determinations
- Documentation processes
- Supervision of complex transactions
- Compliance with regulatory requirements
- Protection of client interests
Regulatory Framework For 1031 Exchanges
SEC and FINRA regulations require:
- Thorough due diligence on replacement properties
- Complete disclosure of investment risks
- Proper suitability documentation
- Clear communication of exchange requirements
- Adherence to strict timelines
- Protection of investor interests
- Compliance with IRS regulations
Professional Background
Ms. Wyatt’s career includes:
- Entry into securities industry in 2000
- Multiple firm transitions over 24-year career
- Current position at Western International Securities since 2022
- Investment adviser registration
- Insurance agent licensing
- Experience with complex transactions
Red Flags For Investors
- Recent significant settlement
- Due diligence concerns
- Complex investment products
- Multiple firm changes
- Substantial client losses
- Documentation issues
- Supervision questions
- Risk assessment concerns
Implications For Current And Former Clients
Current and former clients should:
- Review all investment recommendations
- Examine 1031 exchange documentation
- Verify investment suitability
- Check account statements
- Monitor investment performance
- Document all communications
- Assess portfolio risk levels
- Consider independent review
Patil Law P.C. Will Help You Recover Your Investment Losses
If you invested with Carolyn Wyatt and have concerns about your investments or questions about how your money was handled, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
