Category Archives: Direct Capital Securities

Trevor M. Carney-Former Axiom Capital Management Broker-Sanctioned by Texas Regulator-Austin, TX

JUNE 2017- Austin, Texas

According to publicly available records Trevor M. Carney (CRD#5657735) ,  a  stockbroker who is employed by  Ascendant Alternative Strategies, discloses a recent regulatory event and two outstanding judgment/liens.

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.

In 6/2017 the Texas State Securities Board (TSSB) reprimanded Carney and assessed a civil and administrative penalty of $7,500 for failure to disclose information required by for U4 in violation of Board rules.

According to the TSSB Disciplinary Order, Carney did not disclose timely disclose two  Internal Revenue Service liens, one for $101,675 and another in the amount of $138,733. Failure to disclose to the TSSB within 30 days is a violation of section 115.9(a)(6) of the Board Rules.

Carney been employed by Ascendant Alternative Strategies since 3/2017. His prior employment includes Axiom Capital Management, KBR Capital Markets and Direct Capital Securities.

If you have questions about an account in an account handled by Trevor M. Carney contact us to discuss your legal options.

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

Dalton Strategic Investment Services Stock Broker Sanctioned Over Annuity Sales- Coral Gables, FL

October 14, 2015-Coral Gables, FL

Andrew M. Abern , 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 at an on the record interview requested by FINRA to answer questions relating to recommendations he made to customers regarding the purchase and sale of variable annuities.

AWC No.  2015043654301

Abern was barred from the securities industry.

This was not Abern’s first regulatory issue involving the sale of annuities. In 2012, FINRA accepted a Letter of Acceptance, Waiver and Consent in which Abern,  consented to findings by FINRA that he violated NASD Conduct Rules 2310 and 2111 by providing customers with variable annuity expense disclosure forms that understated the annual expenses, and by engaging in an unsuitable transaction with a customer. Abern consented to a $25,000 fine in that matter.

According to FINRA records,Abern  was registered with Dalton Strategic Investment Services  from 2/2010-9/2014. Prior to that he was registered with Direct Capital Securities from 6/2008-2/2010.

If you have losses in an account handled by Abern, you may be able to recover damages from the firm that employed him.

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