Category Archives: Cadaret, Grant & Co.

Securities Service Network Acquires The Horizon Group

June 9, 2015

The Investment News reports that Knoxville, Tennessee-based broker dealer Securities Service Network (SSN) has acquired The Horizons Group, a firm previously affiliated with Cadaret, Grant & Co.

The Horizon Group manages over $400 million and is located in Rochester, New York, where it grew by focusing on providing retirement counseling and advice to large local employers including Kodak and Xerox Corp.

SSN, which has about 450 advisers and manages $13 billion, was recently acquired by Ladenburg Thalmann.

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

Cadaret Grant Broker Suspended/Fined by Regulators for Over-concentration of REIT Investments

April 9, 2015-Point Pleasant, NJ

Douglas William Finlay, Jr.  , entered into a  Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that effected an unsuitable transaction in the account of a customer of Cadaret Grant by over-concentrating the customer’s assets in an illiquid real estate investment trust (REIT).

In addition, the findings in the AWC state that Finlay failed to adequately disclose information to the customer about the REIT and  falsified a firm document that misrepresented the customer’s net worth and income.

Finlay  was suspended from the industry for 18 months, fined $15,000 and ordered to pay disgorgement of $6,639.

Disciplinary Proceeding NO. 2013035576601

According to FINRA records , Finlay was registered with Cadaret, Grant & Co. from 4/ 1998-12/2013. He is not currently registered.

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

Bernard McGee, Former Cadaret Grant Broker- Barred From Securities Industry

December 19,2014- Syracuse, New York

In FINRA Disciplinary Proceeding No. 2012034389202, Bernard G. McGee was barred in all capacities from associating with any FINRA member for making unsuitable recommendations to a customer who was advised to sell 4 annuities and purchase a charitable gift annuity.

McGee denied the charges and after a hearing June 2-6, 2014, the Extended FINRA Hearing Panel ordered the bar from the industry and ordered McGee to disgorge commissions and pay restitution to the affected customer.

The customer incurred charges of over $36,000 when she surrendered about $490,000 in annuities and the surrender also created taxable income.

According to FINRA records McGee was registered with Cadaret Grant & Co. from 4/2007-10/2012. He was most recently registered with Independent Financial Group.

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