Category Archives: GWN Securities

Edward Rizzotto – Foresters Equity Services Broker- Discloses Customer Dispute -Largo, FL

May 2017- Largo, FL

According to publicly available records Edward  G. Rizzotto (CRD#3213517) ,  a  stockbroker who  is registered with Foresters Equity Services, Inc.  discloses a settled customer dispute.

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.

A customer of Foresters Equity Services, Inc.,  was paid $26,377 in June 2015  to resolve allegations that they were sold an unsuitable investment.

Rizzotto has been employed  with Forester Equity Services, Incsince 7/2014.  Prior registration included Midamerica Financial Services  and  GWN Securities.

If you have questions about an account in an account handled by Edward Rizzotto 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

GWN Securities Agrees to $20K Fine with Florida Securities Regulators

July 2016- Palm Beach Gardens, FL

The FINRA records of GWN Securities, Inc. ,  a  stock brokerage firm whose main office is located in Palm Beach Gardens, FL , disclose a recently finalized regulatory event.

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.

To resolve allegations by the the Florida Department of Financial Regulation (FOFR) that GWN Securities failed to detect outside business activities, published non approved advertising and failed to provide required documents in branch locations, GWN entered into stipulation and consent with FOFR and agreed to pay a fine of $20,000. .

GWN Securities was formed in 1999 and is registered with the Securities and Exchange Commission, FINRA and 51 U.S. States and Territories. World Investment Network owns more than 75% of GWN Securities according to recent regulatory filings.

Another brokerage firm Money Concepts Capital Corp. shares the same address at 11440 N. Jog Road, Palm Beach Gardens, FL , with GWN Securities. Money Concepts Capital is also owned by World Investment Network. 

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

Ronald Harrison-Former GWN Securities Broker-Sanctioned by Regulator-Carrollton, TX

February 16, 2016- Carrollton, Texas

The Texas State Securities Board (TSSB) has suspended Ronald Eugene Harrison of Carrollton, Texas, for 90 days and assessed a fine of $5,000 to resolve allegations that Harrison, who was employed by GWN Securities and  Fox Financial Management Corporation, violated registration requirements of state law by selling investments that he did not have reasonable basis to believe were suitable for his clients.

One of Harrison’s clients filed a complaint with the TSSB regarding a $400,000 investment sold to him by Harrison in Resale Life Insurance Program, sponsored by a company named Retirement Value, LLC.  Retirement Value was placed into receivership in 2010 by the SEC. According to the TSSB Consent Order, Harrison earned a $40,000 commission on the sale.

The client was retired and depended on her retirement income portfolio as a primary source of income. The Resale Life Insurance Program was illiquid with no set payments to the investor, making it entirely inappropriate and unsuitable for her.

According to FINR A records, Harrison is not currently registered with any brokerage firm. He was previously registered as follows:

  • 1/2014-9/2014                     GWN Securities
  • 8/2013-12/2013                   High Street Securities
  • 4/2012- 8/2013                      H.D. Vest Investment Securities 
  • 11/2007-3/2012                    Fox Financial Management

If have losses in an account handled by Harrison, you may be able to recover damages from his former employer. Contact us to discuss your 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