Jetmir Ahmeti- Edward Jones Broker-Reprimanded by Texas State Securities Board-Richardson,TX

October 21st, 2015- Richardson, Texas

The Texas State Securities Board (TSSB) entered a disciplinary order against Jetmir Ahmeti of Ahmeti Wealth Management, Richardson, Texas. In the Order, which can be accessed here, Ahmeti was reprimanded, suspended for 30 days and assessed a fine of $5,000.

The TSSB found that Ahmeti failed to disclose to his firm that he had been charged with a felony on November 3, 2014, in violation of TSSB rules.

His official FINRA records report that  Ahmeti was terminated by Edward Jones on May 1, 2015, for opening fourteen new brokerage accounts without speaking to the potential account owners. One of the accounts opened was for a deceased person.

Ahmeti was registered with Edward Jones from 9/2009-5/2015. Prior to that he was registered with AXA Advisors.

If you have questions about an account handled by Jetmir Ahmeti, contact us to speak with an experienced securities professional.

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

Larry Eckenrode of McKinney, Texas, Charged with Securities Fraud/Theft

October 5, 2015-McKinney, Texas

The Texas State Securities Board (TSSB) announced that Larry David Eckenrode of McKinney, TX, a three time felon, was arrested September 29, 2015, and charged with securities fraud, theft and money laundering related to his sale of investments in a short term lending program that was allegedly making loans to international fuel businesses.

According to the TSSB, Eckenrode was convicted in 1982 for felony theft in Harris County and sentenced to 10 years. In 2003, he pleaded guilty to misapplication of fiduciary property of a financial institution and sentenced to 10 years  in Dallas County.  Earlier this year he was convicted of commercial bribery in Dallas County and sentenced to two years.

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 Cleaton of Rockwall, Texas, Convicted of Securities Fraud

October 19, 2015- Dallas Texas

Mark Lee Cleaton, 34,  of Rockwell, Texas, was convicted on felony offenses for running a fraud scheme as managing member of North American Capital, LLC , and through North American Capital Investment Fund.

According to the FBI Press Release, Cleaton solicited $350,000 through the companies promising to invest the money in short term high yield real estate projects but instead used the money for personal expenses and did not invest any of it.

He was convicted on four counts, each one carrying a maximum penalty of 20 years. Sentencing is set for February 4, 2016.

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