August 26, 2015- San Antonio, Texas
Braymen, Lambert and Noel Securities (BLNS) and Shannon Braymen , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between April 2007-November 2011 they failed to supervise its private placement securities business and the activities of registered representatives located in two of its offices.
AWC No. 2011025610501
BLNS was censured and fined $70,000. Braymen was fined $20,000 and suspended for one month.
Braymen, Lambert and Noel has been a FINRA member since 2003, has 24 brokers in four branch offices and is headquartered in San Antonio, 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.
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