May 2019 UPDATE- Dion Padilla/ AT&T Retirement Account investigation. See this for details.
Original Post-April 4, 2016-San Antonio, Texas
According to their website, The Financial Industry Regulatory Authority (FINRA), “ is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry.”
IN 2015, FINRA brought 1,512 disciplinary actions and levied fines of nearly $100 million, and referred over 800 fraud and insider trading cases to the U S Securities & Exchange Commission for litigation and prosecution.
The FINRA records of San Antonio NEXT Financial Group stockbroker Dion Rey Padilla report that he is currently under investigation by FINRA regarding the alleged unauthorized purchase of a variable annuity and for making misrepresentations and omissions in connection with the purchase of the variable annuity.
FINRA reports that in 2014, a customer alleged that Padilla executed and unauthorized trade and claimed damages of $62,617. That case was settled for $69,401.
Padilla has been employed by NEXT Financial Group since 2/2006.
If you have losses in an account handled by Dion Padilla of Padilla Wealth Management Group contact us to learn how you may be able to recover damages from his employer.
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.
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TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870
