Alejandro Falla-Former Ultralat Capital Markets Broker-Sanctioned by Securities Regulator-Coral Gables, FL

February 2017-Coral Gables, FL

According to publicly available records Alejandro Falla , (CRD# 5064828) ,  a  former stockbroker who was last employed by  BAC Florida Investments,  disclose  a recent regulatory sanction.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Without admitting or denying the findings, Falla consented to the entry of findings the that he failed to disclose the use of non-market foreign exchange rates in connection with a series of bond swap transactions in retail customer accounts in violation of securities laws. Falla was permanently barred by FINRA.

Alejandro Falla was registered with BAC Florida Investments from 3/2013-10/2014. Prior to that he was employed by Ultralat Capital Markets in Miami, FL.

 

If you have questions about an account in an account handled by Alejandro Falla, contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Nicolaas P. Pronk-Noble Capital Named in Complaint Over Sale of AdCare Health Systems Stock-Boca Raton, FL

November 2016-Boca Raton, FL

According to publicly available records Nicolaas P. Pronk , (CRD# 1726101) ,  a  stockbroker who is employed by  Noble Capital Markets,  disclose  a pending regulatory matter.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Pronk is named in a FINRA complaint alleging that he and Noble Financial Capital Markets violated securities laws by soliciting seven customers to purchase nearly a million shares of  stock in AdCare Health Systems (ADK) without disclosing the firm’s multiple and material conflicts of interest.

According to the complaint filed in FINRA Case #2013035740901, Pronk and Noble Capital Markets promoted and recommended ADK to prospective investors to profit from Noble’s undisclosed investment banking relationships with AdCare and their undisclosed arbitrage of AdCare securities, which created a financial incentive to recommend ADK to customers. Pronk retained ultimate control over all firm activities including proprietary trading, sales, investment banking, and the decision to initiate and prioritize the promotion and sale of ADK.

Nicolaas Pronk has been registered with Noble Capital Markets since 1988 and he acts as Noble’s CEO, COO, CFO and President.

Noble Capital Markets has been registered since 1984, is headquartered in Boca Raton, FL, and has 5 branch offices with 38 registered individuals.

If you have questions about an account in an account at Noble Capital Markets , contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Mark R. Holcombe-Former Source Capital Broker-Sanctioned by Securities Regulator-Pompano Beach, FL

December 2016-Pompano Beach, FL

According to publicly available records Mark R. Holcombe , (CRD# 2901441) ,  a  stockbroker who is currently under suspension who was last employed by  Source Capital Group,  disclose  a recent regulatory sanction.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Without admitting or denying the findings, Holcombe consented to sanctions and the entry of findings that he participated in two private securities transactions without providing written notice to his member firm. The findings state that Holcombe sold two million shares of stock in Trident Brands (TDNT) ,a company for which he served as chairman of the board to a third party for $100,000. In addition he participated in TDNT’s sale of senior secured debentures to the same third party for $2.3 million by executing the note purchase agreement on TDNT’s behalf.

Holcombe was fined $10,000 and suspended from associating with any FINRA member firm in any capacity for nine months.

Mark Holcombe was registered with Source Capital Group from 4/2014-12/2015. His prior registrations include Global Hunter Securities and Madison Williams and Co.

If you have questions about an account in an account handled by Mark Holcombe  , contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Red River Securities and Brian Hardwick Sanctioned for Fraudulent Oil and Gas Deals-Plano, TX

February 2017- Plano, Texas

In a news release dated February 14, 2017, the Financial Industry Regulatory Authority (FINRA) announced that a FINRA hearing panel expelled Plano, Texas based brokerage firm Red River Securities , barred CEO Brian Keith Hardwick and ordered the company and Hardwick to pay $24.6 million in restitution for fraudulent sales of five oil and gas deals issued by Regal Energy, LLC, an affiliate of Red River Securities.

The FINRA panel found that the purchases of the oil and gas deals were not suitable for two customers, one who was a 74 year old self employed farmer and dog breeder who invested nearly $100,000, which was more than half of her annual salary.

Unless the panel’s decision is appealed to FINRA’s National Adjudicatory Council (NAC) or is called for review by the NAC , it will become final after 45 days.

Victims who made investments in these oil and gas deals as a result of a recommendation by a registered broker may be entitled to damages through FINRA arbitration. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Patrick O. Howard, Optimal Economics Capital Prnrs, Howard Capital Named in Regulatory Action-Dallas, TX

February 2017-Dallas, Texas

Patrick O. Howard and two companies he controls, Optimal Economics Capital Partners and Howard Capital Holdings were named in a complaint filed by The Securities and Exchange Commission (SEC) on February 14, 2017.

The complaint alleges that since February 2015, Howard and his companies have raised about $13 million from 119 investors through the fraudulent offer and sale of interests in three private funds which promised returns ranging from 12%-20% annually. Investors were also promised minimal risk.

According to the SEC only about $7.5 million was actually used for investment purposes and the balance was used on Howard’s personal expenses. The SEC alleges that Optimal Economics made Ponzi payments using to new investor funds to pay earlier investors.

Victims who made investments as a result of a recommendation from a registered financial advisor may be able to recover damages through FINRA arbitration. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Donnie E. Ingram-Former Investors Capital Corp Broker-Discloses Multiple Customer Disputes-WInter Haven, FL

February 2017-Winter Haven, FL

According to publicly available records Donnie E. Ingram , (CRD# 1416971) ,  a  stockbroker who is currently registered with Centaurus Financial  disclose  pending and prior customer disputes. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

There are five pending FINRA cases involving customers of Ingram, including:

In pending FINRA Case 16-02238 a customer of Ingram’s prior employer, Investors Capital Corp., alleges damages of $906,354 for unsuitable investments made from 2003-2015.

In pending FINRA Case 16-02599 another Investor’s Capital Corp customer alleges damages of $222,267 for unsuitable investments in equities and real estate securities made between 2005-2011.

In pending FINRA Case 16-1732 an Investor’s Capital Corp. customer alleges damages of $308,438 for over concentrated and unsuitable investments.

In addition there are two prior customer disputes that have been resolved, including:

FINRA Case 12-2267 in which a customer of Investors Capital Corp alleged damages of $500,000 for unsuitable investments in oil and gas and real estate securities. That case was settled for $232,500.

Donnie Ingram was employed by Investors Capital Corp from 2/1997-7/2016. He has been with Centaurus Financial since 7/2016.

Investors Capital Has Closed Down -In November 2016, Investors Capital Corp. withdrew its FINRA registration and closed operations. See this for more information on Investors Capital Corp’s prior regulatory problems. 

If you have questions about an account in an account handled by Donnie Ingram or any other broker who worked for Investors Capital Corp. , contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Neal Charles Moon-Former Waddell & Reed Broker-Named in Regulatory Complaint-Dallas, TX

July 2016- Dallas, TX

FINRA Department of Enforcement filed Disciplinary Proceeding 2015046926801 against Neal Charles Moon (CRD 3271716) and his wife Natalie E. Fogiel Moon (CRD 5010360) alleging that from 2/2012-8/2015 they participated in nine private securities transactions that raised $2.64 million without providing their employer Waddell & Reed with written notice as required by NASD and FINRA rules.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The complaint also alleges that Neal Moon lied to an investigator from Waddell & Reed about his participation in the private securities transactions in violation of FINRA Rule 2010.

The securities set forth in the FINRA complaint are:

  • Boxx Technologies
  • NMN Boxx
  • Total Operating LLC
  • Hoffbrau Steaks
  • CCBRAU Ltd.

Neal Moon was registered with Waddell & Reed from 10/2009-10/2015 when he was permitted to resign following his admission that he participated in private securities transactions.

If you have questions about an account in an account handled by Neal Charles Moon, contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Current information for investors seeking information on recovery of investment losses due to the negligence or fraud of stockbrokers and brokerage firms. Nationwide representation.