Category Archives: Money Concepts Capital

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

Craig A. Sutherland-Money Concepts Capital Broker-Discloses $500K Customer Dispute

July 2016- Columbus, OH

The FINRA records of Craig A. Sutherland  , a stock broker currently employed by Money Concepts Capital Corp , disclose  5 prior final customer disputes and a pending 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.

In the pending dispute , a customer claims damages of $300,000 and alleges that her account was over-concentrated in equities and that the investments were unsuitable and misrepresented to her.

In one of the prior finalized customer disputes, FINRA Case #14-1489, a customer alleged damages of $500,000 claiming that investments in a John Hancock Annuity, American Realty Capital Healthcare REIT and Tanzanian Royalty Exploration Co. (TRX) were unsuitable investments. That case was settled for $135,000.

Sutherland  has been employed by Money Capital Concepts Corp.  since 5/1994.

If you have losses in an account handled by Craig A. Sutherland , you may be able to collect damages from his employer.

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

Ray G. Reese-Money Capital Concepts Broker-Discloses Customer Dispute Over Oil & Gas Investment

July 2016- Farmington, MO

The FINRA records of Ray G. Reese  , a stock broker currently employed by Money Concepts Capital Corp , disclose  2 prior final customer disputes and a pending 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.

In the pending dispute , a customer alleges damages of $125,000 related to an unsuitable investment in Aztec Oil & Gas.

Reese  has been employed by Money Capital Concepts Corp.  since 4/1997.

If you have losses in an account handled by Ray G. Reese , you may be able to collect damages from his employer.

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

Daniel P. Johnson-Former Valic Financial Broker- Fined and Suspended by FINRA-Mt. Dora FLA

In January 2014 the Financial Industry Regulatory Authority fined Mt. Dora, FL, broker Daniel Padgett Johnson $5,000 and suspended him for 30 days to resolve allegations that he engaged in outside business activities without providing written notice to the firms ge worked for. Approximately one month after Johnson began working at the firm he established a company through which he performed insurance and business consulting as CEO and failed to notify his firm in writing. Upon learning of the undisclosed business activity, the firm terminated Johnson.

According to FINRA records Johnson is not currently registered. His previous registration history includes:
12/2012-11/2013   Valic Financial Services
10/2011-8/2012  Merrill Lynch
8/2009-12/2010  Money Concepts Capital Corp. 
Johnson was discharged by Merrill Lynch in 7/2012. Merrill Lynch made the following allegation in connection with his discharge: “Conduct involving failure to disclose and outside business activity”. 
If you have questions about the way your brokerage account has been handled, call to speak with an experienced securities attorney.

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