Category Archives: BFT Financial Group

First Independent Financial Group Broker James Ham Sanctioned by FINRA

October 1, 2014-Dallas, Texas

James M. Ham entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between October 23, 2013 and March 25, 2013, Ham executed 280 discretionary trades by making reallocations in the sub accounts of variable annuities in the accounts of 7 customers without obtaining the written authorization from the customers or his firm, First Independent Financial Services.   Case # 2013039556701.

Ham was fined $5,000 and suspended from association in all capacities with any FINRA member firm for 60 days.

FINRA records indicate Ham was registered with First Independent Financial Services from 3/2006–10/2014. Prior to that he was registered with Butler Freeman Tally Financial Group (BFT Financial Group), Bedford, Texas.  

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

Garland Texas Broker Sanctioned by FINRA

Lloyd J. Chappell of Garland, Texas was suspended for four months and received a deferred fine of $5,000 by the Financial Industry Regulatory Authority (FINRA) on findings that on two occasions he contacted an investment company where one of his former customers held an account and impersonated the customer.  According to the findings, Chappell altered his voice and provided personal data in order to obtain  information related to the account, without the customer’s knowledge or consent.

According to FINRA records, Chappell was registered with BFT Financial Group of Bedford, Texas 8/2013-12/2013 and with Park Avenue Securities from 1/2000-4/2013.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

561 391 1900

Texas State Securities Board Revokes License of Lloyd J. Chappell

By Robert H. Rex, Esq.

On January 13, 2014, the Texas State Securities Board (TSSB) revoked the securities license of Lloyd J. Chappell. According to official records of the Financial Industry Regulatory Authority (FINRA), Chappell operated various businesses in the Dallas area, including:
  • Texas Financial Associates Insurance Agency Garland, Texas
  • Texas Financial Associates Garland, Texas
  • Guardian Life Ins Co Dallas, Texas
  • The Financial Process Group Austin, Texas
FINRA records indicate that Chappell was discharged by BFT Financial Group, LLC, on December 3, 2013, for contacting an investment company and pretending to be several customers to gain account information.
Chappell’s registration history per FINRA includes:
  • BFT Financial Group 8/2013-12/2013
  • Park Avenue Securities  1/2000-4/2013
According to FINRA’s allegations Chappell pretended to be several shareholders that were clients of Chappell’s previous firm in order to obtain information related to these shareholder’s accounts. In support of these efforts, Chappell impersonated these shareholders by altering his voice. When contacted by the TSSB about these impersonations, Chappell repeated denied doing so.

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