Category Archives: McNally Financial Services

Rex Securities Law Investigates McNally Financial Services Broker Marshall Cassedy-Tallahassee, FL

February 12, 2016- Tallahassee, FL

Rex Securities Law is investigating broker Marshall R. Cassedy, Jr.  of McNally Financial Services .

According to FINRA records  Cassedy has been named in  3 regulatory events, 17 customer disputes and 1 termination.

The customer disputes have alleged various causes of action, including:

  • unsuitable and unauthorized investments
  • excessive investments
  • breach of contract
  • breach of fiduciary duty
  • fraud
  • egregious acts of churning

In one case, NASD Case 04490, the arbitration panel awarded over $172,000 to the customer. Eleven other cases have been  settled at amounts ranging from $4,500-$100,000.

 

According to FINRA records Cassedy  has been registered with McNally Financial Services since 04/2010. Prior to that he was registered with Capitol Securities Management, who discharged him in 4/2010 with the allegations on FINRA records: ” written customer complaints alleging the violation of internal policies and procedures with respect to the handling of customer accounts.”

Cassedy made the following statement in response: “broker disputes firm filing. He voluntarily resigned from the firm on April 5, 2010 effective APril 9, 2010, in writing ” 

If you have losses in an account handled by  Marshall Cassedy contact us to discuss how you may be able to recover damages from his employer for those losses.

McNally Financial Services has been a FINRA member since 2002, is headquartered in San Antonio, Texas, and has a number of branch offices.

Capitol Securities Management has been a FINRA member since 1985 and is headquartered in Glen Allen, Virginia. They have over 200 representatives in 63 branch offices.

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

Stockbroker Sanctioned for Trading Without Customer’s Permission

March 17, 2015  

Armen Bahadourian   entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that  in late 2012, while registered with UnionBanc Investment Services, he executed a total of 15 unauthorized transactions in municipal securities in the accounts of nine customers in violation of MSRB Rule G-17.

Bahadourian was suspended for 18 months and fined $10,000 and ordered to repay the commission s of $6,880 earned on the unauthorized trades.

FINRA Case # 2013035744301

Young was previously registered as follows:

  • McNally Financial Services                        4/2014-8/2014
  • UnionBanc Investment Services                  10-2008-1/2013
  • PNC Investments                                               3/2008-10/2008

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