Category Archives: Failure to Cooperate with Regulatory Investigation

HSBC Securities Broker Barred From Securities Industry by Regulator

August 6, 2015- Thousand Oaks, CA

Gehrin Michael Ortiz , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he failed to disclose material information to FINRA on his Form U4.

AWC No.2013036666401

Ortiz was barred from the securities industry.

According to FINRA records, Ortiz  was registered with HSBC Securities   from 11/2012-4/2014. He was terminated by HSBC Securities  4/2014 after FINRA notified the firm that Ortiz had been suspended for failing to comply with an arbitration award.

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

Former Cambridge Investment Research Broker Barred From Industry In Connection Alleged Theft of Funds

August 18, 2015- Henderson, Nevada

Glenn Allen Moffitt  , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he failed to appear for an  on the record interview in connection with a FINRA investigation into allegations that he converted at least $370,000 from an elderly customer.

AWC No.2014041600301

Moffitt was barred from the securities industry.

According to FINRA records, Moffitt  was registered with Cambridge Investment Research   from 11/2013-9/2014. He was terminated by Cambridge Investment Research  9/2014 because he “accepted funds from a client for personal use without firm consent”. Moffitt was previously registered with LPL Financial

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

Former Securities America Broker Sanctioned by Securities Regulator

August 25, 2015- Redondo Beach, CA

Derek Lee Miller , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he failed to respond to a request to provide on the record testimony in connection with a FINRA investigation into potential unsuitable trading in a customer account.

AWC No. 2014043091101

Miller was barred from the securities industry.

According to FINRA records, Miller was registered with Securities America  from 3/2013-9/2014. He was terminated by Securities America 9/2014 for “failure to follow firm policies and procedures relating to UIT sales practices”.

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