Elizabeth Morrell Barred Over Fraudulent Woodbridge Group Ponzi Scheme

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FINRA barred Western International Securities broker Elizabeth Ann Morrell (Southern California) while investigating Morrell's involvement with the fraudulent Woodbridge Group of Companies Ponzi scheme after Morrell told staff she would refuse to cooperate with the investigation.

After working at Western International Securities in Westlake Village, CA from 2008 to 2020, the firm in February 2020 discharged Elizabeth Morrell (CRD #4905003) for selling a non-approved product.

According to AWC #2020065734401, FINRA opened an investigation into Morrell's alleged sales of the unapproved Woodbridge securities product, deemed by the SEC in 2018 to be a massive Ponzi scheme that harmed at least 8,400 senior citizens and elderly investors to the tune of $1.2 billion.

When Morrell told Enforcement staff she wouldn't cooperate with its investigation, FINRA barred her from the securities industry, placing Liz Morrell into a similar column as disgraced brokers Dee Dee Brooks (Signator Investors of Huntington Beach, CA), James Lamont (Independent Financial Group of Novato, CA), John Ernst (Foresters Equity Services of San Diego, CA), and countless other registered representatives and financial advisers implicated in the massive $1.2 billion Woodbridge fraud.

For more coverage of the Woodbridge Group of Companies Ponzi scheme, visit our Woodbridge Group category.

Morrell's BrokerCheck file lists other business activities in variable life insurance sales and Sycamore Wealth Management (Westlake Village) investments, in addition to her work at Pasadena and Westlake Village's Western International Securities. Prior to her employment at Westlake Village, Morrell served as a representative at Financial West Group in Reno, Nevada from 2005-2008.

If you invested with Elizabeth A Morrell of Western International Securities in Westlake Village, California, or with any other broker or financial adviser who sold or solicited your investment in the fraudulent Ponzi scheme known as the Woodbridge Group of Companies, which resulted in losses or other damages, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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