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
- 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.
Florida-561 391 1900