Category Archives: JJB Hilliard WLL Lyons

Jon L. Cox of LPL Financial Named In Complaint by Securities Regulator

November 25,2014-Knoxville, TN

The Financial Industry Regulatory Authority (FINRA) filed a Disciplinary Complaint against Jon L. Cox, who was registered with LPL Financial from 5/2011 until he was terminated for “violation of firm policy regarding outside business activities”.

Following his termination from LPL Financial, FINRA opened an investigation into whether Cox may have engaged in unauthorized outside business activities, private securities transactions and/or unauthorized customer loans. After failing to respond to three requests to provide information, FINRA filed a complaint seeking sanctions, including a bar from the securities industry.

Cox was previously registered with J.J.B. Hilliard, W.L. Lyons from 8/1990-6/2001.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  in Tennessee and 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.

Rex Securities Law

561 391 1900

Maxwell B. Smith Sentenced to 15 Years for Securities Fraud

In July 2013, former New Jersey broker Maxwell B. Smith III, age 73, of Fair Haven, was sentenced to 15 years after pleading guilty to first-degree money laundering. Smith operated a Ponzi scheme for 17 years, preying on elderly clients who thought they were giving Smith money to invest in health-care facilities. Instead he used the money for personal expenses, including trips to Gordes, France.

Smith told his victims that the purported investments (Health Care Financial Partnership Direct Municipal Loans ) were safe, tax free and would yield high semi-annual interest payments. In June 2013, Smith was sentenced to seven years after pleading guilty to federal mail fraud charges. The sentences will be served concurrently.

Smith was ordered to pay over $7 million in restitution to victims.

Accordimg to FINRA records, Smith worked for the following firms:

Cantone Research, Inc.
1/2005-4/2009

PNC Investments
1/2004-1/2005

J.J.B. Hilliard, W.L.Lyons, Inc.

12/1999-1/2004

If you were a victim of Smith’s fraud you may be able to recover damages.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900