Category Archives: Columbus Advisory Group

Pranav Patel-Former Dawson James Broker-Named in ForceField Energy Suit-Boca Raton, FL

July 2016- Boca Raton, FL

The FINRA records of Pranav V. Patel  (CRD 5391213), a stock broker who formerly was employed by Dawson James Securities , disclose that he was recently named in a customer dispute. In May 2016 Patel was charged with criminal conspiracy to commit wire fraud. Follow this link for more information on that matter. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records, in June 2016 a civil case was filed naming Pranav Patel and others alleging damages of $62,855 and alleging that Patel sold ForceField Energy, Inc. to 5 individuals in a transaction not authorized by his then employer Dawson James Securities, Inc. Civil action No. 15-civ. 3020 (NRB) Southern District of New York. 

According to FINRA records, Patel  was  previously registered with Dawson James Securities, Columbus Advisory Group, National Securities Corporation, NSM Securities, CBG Financial Group and Gunn Allen Financial. 

If you have questions about an account handled by Pranav V. Patel  contact us to discuss your options and to learn how you may be able to recover damages through FINRA arbitration.

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

Pranav Patel-Former Dawson James Broker-Indicted for Securities Fraud-Boca Raton

UPDATE June 2016Pranav Patel named in civil action seeking damages related to sale of ForceField Energy, Inc. Follow this link for more information. 

May 2016-Boca Raton, FL

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records,  Pranav V. Patel discloses:

  • A  pending criminal charge for Conspiracy to Commit Securities Fraud, Securities Fraud, Money Laundering Conspiracy and Conspiracy to Commit Wire Fraud. See this release dated May 3, 2016 from the US Attorney’s office for Eastern District of New York.
  • 1 pending civil event-See this SEC Litigation Release announcing fraud charges against Patel.
  • One prior settled customer complaints. In FINRA Case 11-3722, a customer while Patel was registered with  CBG Finanical Group alleged damages of $450,000 for unsuitable investments, misrepresentations and breach of fiduciary duties. That case was settled for $75,000.

According to FINRA records, Patel  was  previously registered with Dawson James Securities, Columbus Advisory Group, National Securities Corporation, NSM Securities, CBG Financial Group and Gunn Allen Financial. 

If you have questions about an account handled by Pranav V. Patel  contact us to discuss your options and to learn how you may be able to recover damages through FINRA arbitration.

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

Austin, Texas-Former WFG Broker Named In Regulatory Complaint

January 22, 2016- Austin, Texas

Harvey B. Vaughn, Jr. was named in a disciplinary proceeding ( #2015045409001) filed ty the Financial Industry Regulatory Authority (FINRA) alleging that he willfully failed to timely amend his Form U4 to disclose that he had filed a bankruptcy petition in the U.S. Bankruptcy Court for the Western District of Texas (Austin).

The complaint also alleges that Vaughn failed to timely amend FINRA reporting forms to disclose an unsatisfied federal tax lien.  The complaint seeks monetary sanctions and other relief.

FINRA records indicate that Vaughn was most recently registered as follows:

  • 8/2015-11/2015                 Columbus Advisory Group
  • 7/2015-11/2015                  LPS Partners
  • 5/2015-7/2015                     Odeon Capital Group
  • 7/2014-5/2015                      Transcend Capital
  • 1/2003-6/2014                       WFG Investments

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

 

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