Category Archives: InterSecurities Inc.

Nathan Harmon- Former NEXT Financial Group Broker-Sanctioned by Regulators-San Antonio, TX

October 27, 2014-San Antonio, Texas

Nathan Andrew Harmon entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that on February 6, 2012, Harmon engaged in an unapproved outside business activity by selling an equity-indexed annuity not approved for sale by his employer NEXT Financial Group.  The cost of the annuity was $190,000.  Case # 2013037822701.

Harmon was fined $10,000 and suspended from association in all capacities with any FINRA member firm for 9 months.

FINRA records indicate Harmon was registered with NEXT Financial Group from 3/2009–2/2014. Prior to that he was registered with Intersecurities, Inc.  

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

Nathan Harmon-Former NEXT Financial Broker-Sanctioned by Regulator & Discharged-San Antonio, TX

San Antonio, Texas- 10/27/2014

To resolve allegations by FINRA that he engaged in an unapproved outside business activity by selling an equity-indexed annuity not approved for sale by his employer NEXT Financial, Nathan Andrew Harmon agreed to a nine month suspension and a $10,000 fine.

The cost of the annuity was $190,000. Harmon did not complete an outside business activity disclosure form or receive prior approval from the firm. When initially asked by FINRA, Harmon denied that he received compensation from the transaction.

Harmon was registered with NEXT Financial beginning in 3/2009 and was discharged 1/27/2014. NEXT Financial made the following allegation on his FINRA record in connection with the discharge: “Mr. Harmon was involved in the selling away of fixed indexed annuities. The product was not approved for sale by NEXT Financial Group Inc. “

Harmon was previously registered with Intersecurities, Inc. from 7/2005-3/2009.

If you suffered losses in an account handled by Nathan A. Harmon, you may be able to recover damages from his former employer 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 

Bruce Slater/ Ridgewood Energy Funds Investigation

Rex Securities Law a national securities arbitration firm, is investigating Bruce A. Slater, a broker with Transamerica Financial Advisors, Inc. on behalf of an elderly couple that was sold an investment in one of the  Ridgewood Energy funds. The customers allege that the investment was misrepresented to them and is an unsuitable investment given their age, health and net worth.

 According to FINRA records, Slater has been registered with Transamerica since 1997. Transamerica Financial Advisors merged with InterSecurities, Inc. in September 2009.
The Ridgewood Energy Funds private placement offerings were sold in a series of offerings including:
  • Ridgewood Energy I Fund
  • Ridgewood Energy J Fund
  • Ridgewood Energy K Fund
  • Ridgewood Energy L Fund
  • Ridgewood Energy M Fund
  • Ridgewood Energy N Fund
  • Ridgewood Energy O Fund
  • Ridgewood Energy P Fund
  • Ridgewood Energy Q Fund
  • Ridgewood Energy R Fund
  • Ridgewood Energy S Fund
  • Ridgewood Energy T Fund
  • Ridgewood Energy U Fund
  • Ridgewood Energy V Fund
  • Ridgewood Energy W Fund
  • Ridgewood Energy X Fund
  • Ridgewood Energy Y Fund
  • Ridgewood Energy Z Fund
For more on the Ridgewood Energy Funds, see this.

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